$FNMA #FANNIEGATE
FHFA and Wazee Street delivered their briefs about the Fifth Circuit's Collins decision to Judge Alejandro this afternoon, and copies of those filings are attached to this e-mail message. As we would expect, FHFA argues, under Dr. Calabria's leadership, it's structure is constitutional. and invalidation of the Net Worth Sweep is inappropriate, and the Collins Plaintiffs agree with the majority that FHFA's structure is unconstitutional and urge Judge Alejandro to side with the dissenting Fifth Circuit judges and order the Net Worth Sweep be vacated.
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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.