$FNMA #FANNIEGATE
A redacted version of Fairholme's Second Amended Complaint was filed this morning, and a copy is attached to this e-mail message. The redactions concern the GSEs reversals of their overestimated losses on the eve of the Net Worth Sweep and appear in paragraphs 98, 100, 107, and 133.13-465-0422
The Honorable Nitza I. Quinones Alejandro placed her stamp of approval on a stipulation among the Wazee Plaintiffs, FHFA and Treasury establishing a briefing schedule for FHFA and Treasury's motions to dismiss and the Wazee Plaintiffs' cross-motion for summary judgment that will be completed by Feb. 8, 2019, and a copy of that stipulation is attached to this e-mail message. 18-cv-03478-0008
FHFA delivered two documents to Judge Maloney yesterday, and copies of those filings are attached to this e-mail message, telling him:
(A) the portion of the Collins decision saying that FHFA's structure is unconstitutional is wrong; and
(B) Judge Schiltz reached the correct conclusion in Bhatti v. FHFA.
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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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