Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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FHFA delivered its supplemental brief to the Fifth Circuit this evening, and a copy's attached to this e-mail message.  FHFA tells the Fifth Circuit it can sidestep examining the constitutionality of the Agency's structure because it has sufficient separate reasons for upholding Judge Atlas' decision to dismiss the Collins Plaintiffs' complaint.

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