$FNMA #FANNIEGATE
Re: Bhatti v. FHFA FHFA advised the Eighth Circuit yesterday that Director Otting replaced Director Watt earlier this month; tells him FHFA will no longer defend the constitutionality of its structure; and encourages him to affirm the District Court's decision dismissing the Bhatti Plaintiffs' complaint. A copy of the filing is attached to this e-mail message.
Re: Collins v. FHFA Professors Harold H. Bruff, Gillian E. Metzger, Peter M. Shane, Peter L. Strauss, and Paul R. Verkuil sought and obtained permission to submit an amicus brief to the Fifth Circuit in support of FHFA's position that its structure is constitutional. Public Citizen has also tendered an amicus brief to the Fifth Circuit supporting the constitutionality of FHFA's structure. Copies of the amicus briefs are attached to this e-mail message. Re: Rop v. FHFA
FHFA advised Judge Maloney that Director Otting replaced Director Watt earlier this month; tells him FHFA will no longer defend the constitutionality of its structure, and encourage him to dismiss the Rop Plaintiffs' complaint for all of the other reasons it's articulated. A copy of today's filing is attached to this e-mail message.
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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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