$fnma #fanniegate
Chief Judge Sweeney lifted the seal on her opinion entered May 8 denying the government's motion to dismiss the Fisher and Reid plaintiffs' complaints, and a copy of her decision is attached to this e-mail message.
Yesterday, The Fisher and Reid Plaintiffs filed their motion to certify an interlocutory appeal yesterday, indicating they want the Federal Circuit to answer these two questions:
(A) Whether plaintiffs have standing to assert derivative claims notwithstanding HERA’s succession clause and
(B) Whether the FHFA-C’s actions are attributable to the United States such that the court possesses subject-matter jurisdiction to entertain plaintiffs’ derivative takings and illegal exaction claims;
and a copy of that filing is also 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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