$FNMA #FANNIEGATE we will we will rock you
The Saxton Plaintiffs asked the Court for permission this afternoon to file certain documents under seal in support of their motion for leave to amend their complaint, and a copy of that request is attached to this e-mail message. Those certain documents, of course, are confidential documents Fairhome obtained in discovery.
Without delay, Magistrate Scoles granted the Saxton Plaintiffs' request, and a copy of that order is also attached to this e-mail message.
So, under seal, there is now a pending motion for leave to amend the complaint filed in Saxton v. FHFA, and two secret documents are attached to that motion. We can anticipate that FHFA and Treasury will oppose the Saxton Plaintiffs' motion for leave to amend the complaint, arguing that effort is futile because HERA doesn't allow shareholders to sue FHFA or Treasury for any reason.15-00047-0050
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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.