$FNMA #FANNIEGATE
Three Highfields Capital partnerships, which own both junior preferred and common shares in both GSEs, filed a lawsuit in the U.S. Court of Federal Claims yesterday. A copy of the complaint is attached to this e-mail message. At pages 29-31, Highfields raises a "breach of implied-in-fact contract between the United States and the enterprises" that I don't believe we've seen previously. Highlands is represented by Mark T. Stancil at Robbins, Russell, Englert, Orseck, Untereiner & Sauber LLP in Washington, D.C., and now we know why Ms. ChaseCarpino ordered a copy of the transcript in Bhatti v. FHFA before Judge Schiltz. 18-01150-0001
Enjoyed this? Get more like it.
Glen's Musings — AI, investing, and building things. Occasional. Free.
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.
More in Fanniegate
Keep Exploring
Fanniegate Timeline & Evidence
The full timeline, 8 books, and the current status of recapitalization.
Read moreCurrent Positions
26 series of junior preferred stock across Fannie Mae and Freddie Mac.
Read moreFannie & Freddie Privatization Guide
Timeline, recap plan, and what privatization means for preferred and common shareholders.
Read moreScreenplayFANNIEGATE: The Hero Movie
One guy from Indiana who bet everything on Fannie Mae and wouldn't shut up. Full screenplay.
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.