$FNMA #FANNIEGATE

15-00708-0029   15-00708-0027   15-00708-0028

Three documents were delivered to Judge Sleet this evening:

(A) FHFA, Treasury, Fannie and Freddie delivered their Opposition (Doc. 27) to the Delaware Plaintiffs' request to certify the question about the legality of the Net Worth Sweep under Delaware and Virginia corporate law to those states' courts, arguing that nothing the state courts will say would be dispositive of anything because the Net Worth Sweep is perfectly legal because it was the Government that injected billions of dollars into the GSEs, and the novelty of that situation is what justifies it;

(B) Treasury's Reply (Doc. 28) in support of its motion to dismiss the Delaware Plaintiffs' Complaint, arguing again HERA bars you from suing us, federal law trumps all state law; and Judge Lamberth's decision is all anybody needs to read; and

(C) FHFA's Reply (Doc. 29) in support of its motion to dismiss the Delaware Plaintiffs' Complaint, echoing the arguments made in Docs. 27 and 28.

Copies of these three filings are attached to this e-mail message.