$FNMA #FANNIEGATE
Mr. Angel filed a memorandum in opposition to FHFA's motion to dismiss today, and a copy is attached to this e-mail message. Because there are disputed facts concerning the government's guarantee of full and timely payment of declared dividends to junior preferred shareholders, Mr. Angel argues, dismissal of his complaint at this stage is inappropriate, and the motion to dismiss should be denied.
In mid-July, Mr. Angel's lawsuit was transferred to Judge Lamberth, and a copy of the order making that reassignment is also attached to this e-mail message. 18-cv-01142-0012 18-cv-01142-0017
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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.