$FNMA #FANNIEGATE
FHFA delivered two motions to the U.S. District Court yesterday:
(A) a request to have Mr. Angel's lawsuit transferred from Judge Boasberg to Judge Lamberth; and
(B) a motion to dismiss Mr. Angel's lawsuit, saying that his claims are time-barred, there is no implicit guaranty, and claims can't be asserted against the GSEs' directors;
and copies of those two filings are attached to this18-cv-01142-0010 18-cv-01142-0011
Judge Schiltz entered his order dismissing the Bhatti Plaintiffs' lawsuit this past week, and a copy of that ruling is attached to this e-mail message. The Bhatti Plaintiffs have filed a notice of appeal indicating they will ask the Eighth Circuit (where the Saxton case is currently pending) to review the decision.17-cv-02185-0070
The Third Circuit has tentatively scheduled oral argument in Jacobs v. FHFA on Sept. 5, 2018, in Philadelphia, but might be rescheduled for another day that week. A copy of the Clerk's letter to the lawyers involved in that proceeding is attached to this e-mail message. 17-3794-0024
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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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