$FNMA #FANNIEGATE
Treasury delivered it's motion to dismiss and a memorandum in support to the District Court today, and copies of those filings are attached to this e-mail message. Treasury argues, among other things, that the Rop Plaintiffs should have asserted their constitutional claims in the Perry or Saxton proceedings, and since they didn't, those claims are now improper.17-cv-00497-0022 17-cv-00497-0023
FHFA delivered its brief to the Fifth Circuit this evening arguing that shareholder litigation is barred by HERA, FHFA stands in all shareholders shoes, and there's no constitutional problem with FHFA. A copy of FHFA's brief is attached to this e-mail message, and a handful of large documents FHFA wants to make sure the Fifth Circuit sees are posted at http://bankrupt.com//misc/17-20364-00514149152.pdf
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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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Read moreDisclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.