$FNMA #FANNIEGATE
Owl Creek and other Jones Day clients asked Judge Sweeney to her oral argument on the government's motion to dismiss their lawsuits, and a copy of the filing is attached to this e-mail message.
Fairholme v. U.S. Kindly refer to my e-mail transmissions dated Oct. 15 and 11, 2018, buried in the e-mail thread reprinted below. This litigation, you'll recall is tangential to the propriety of the Net Worth Sweep; this litigation broke the chain of cases saying FHFA is not a government actor. FHFA, Fannie Mae, Ms. Sisti and her mortgage lender submitted the status report attached to this e-mail message to Judge McConnell in Rhode Island today, telling him they need six more months to complete fact discovery.
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Glen's Musings — AI, investing, and building things. Occasional. Free.
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.