Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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$FNMA #FANNIEGATE

FHFFA, Fannie, Freddie, the Class Plaintiffs, Fairholme and Arrowood tendered a [plain-vanilla, bland and failing to capture future investors' excitement on any level] request to stretch all of the proceedings before Judge Lamberth to July 2022, and a copy of that [GSE shareholder-insulting] filing is attached to this e-mail message.

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FHFA, Fannie and Freddie had an extraordinary opportunity to steer the conversation in a different direction.  It's a shame they didn't.

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