$fnma #fanniegate
In two letters delivered to the Sixth Circuit yesterday (copies of which are attached to this e-mail message):
-- Ms Robinson's lawyers at Cooper & Kirk distinguish the AIG case from this case, explaining that AIG's deal with the Fed was an arms'-length transaction and the Net Worth Sweep wasn't; and
-- FHFA's lawyers at Arnold & Porter say that Mr. Watt's recent testimony isn't any form of additional authority for the court to consider and, in any event, is entirely consistent with FHFA's position.16-6680-0032 16-6680-0033
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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