$FNMA #FANNIEGATE
Fairholme delivered a motion to Judge Lamberth today seeking to compel Treasury to share non-privileged documents Treasury doesn't want Fairholme to see. Fairholme complains to Judge Lamberth that Treasury has "decided effectively to excuse itself entirely from the discovery process" notwithstanding "Treasury was one of the architects of the Net Worth Sweep">Net Worth Sweep and has a direct, and massive, stake in the litigation and resolution of the implies covenant claim." Fairholme asks Judge Lamberth to direct Treasury to comply with the subpoena it served on Treasury in full without further delay. A copy of Fairholme's motion to compel 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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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.