Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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$FNMA #FANNIEGATE

Glen Bradford
Glen Bradford@DoNotLose
·1 min read

Treasury filed a reply brief in support of its motion to dismiss the Rop Plaintiffs' complaint and a brief opposing the Rop Plaintiffs' summary judgment request, and copies of those filings are attached to this e-mail message.  Treasury tells Judge Maloney that it did nothing wrong and he, like every other court to date, should block shareholder challenges to the Net Worth Sweep.  Treasury maintains its position that the constitutional infirmities the Rop Plaintiffs see concerning FHFA don't hold water and provide no basis to invalidate the Third Amendment.  Treasury urges Judge Maloney to grant its motion to dismiss and deny the Rop Plaintiffs' motion for summary judgment.17-cv-00497-0034 17-cv-00497-0035

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Glen Bradford

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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