$FNMA #FANNIEGATE

FHFA and Fannie Mae delivered their reply brief to Judge Sleet today, and a copy is attached to this e-mail message.  FHFA and Fannie Mae repeat their 4617(f) anti-injunction and shareholder succession arguments, say federal law controls, and add that even if Delaware and Virginia law were applicable, the Net Worth Sweep is permissible.15-00708-0071