Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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The Clerk released FHFA and Treasury's briefs filed last week in the Eighth Circuit today, and copies are attached to this e-mail message.  FHFA makes its position clear that HERA gives it the power to do whatever it wants, it has, FHFA is not like any common-law conservator, and nobody -- no GSE shareholder, no legislator, no Administration official, and no judge -- can second-guess FHFA's decisions and actions.17-1727-0019 17-1727-0018

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