$FNMA #FANNIEGATE
The government tells Chief Judge Sweeney the Fisher and Reid Plaintiffs are misreading what the Fifth Circuit says in the Collins decision about shareholder standing and derivative claims, and copies of the government's filings are attached to this e-mail message.
The parties have agreed FHFA's brief will be filed on or before Dec. 12; Mr. Angel will file any reply brief on or before Jan. 22; and any final briefs will be filed on or before Feb. 12, and the documents requesting and memorializing this briefing schedule are attached to this e-mail message.
In the filing attached to this e-mail message, the Rafter Plaintiffs tell Chief Judge Sweeney the Fifth Circuit's Collins decision is in the minority among the U.S. Circuit Courts of Appeal and, in short, urge her to ignore it.
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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.