$FNMA #FANNIEGATE
FHFA, Fannie and Freddie filed their reply memorandum in support of their motion to dismiss the cases pending before Judge Lamberth this evening, and a copy of that filing is attached to this e-mail message. FHFA concedes nothing in its reply. Shareholders should have anticipated the Third Amendment, FHFA tells Judge Lamberth[, because FHFA can do whatever it wants to do]. For that and other reasons, FHFA says it owes shareholders nothing, contractually or otherwise. FHFA urges Judge Lamberth to dismiss the amended complaints, in toto, with prejudice.13-mc-01288-0077
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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.