the case law john carney cites seems to be better than peter chapman's $FNMA #FANNIEGATE
i'm still reading through these, but basically the idea seems to be a squeeze play of sorts, to see if the government can force fairholme to say that there was a takings in 2012 and that they weren't part of it (because apparently according to the government they didn't own shares at the time and i guess according to them you need to own something in order to have a takings claim) or to say there wasn't a takings and i guess then who knows what that means.
http://www.cadc.uscourts.gov/internet/opinions.nsf/E24B8CB7C50C05D985257B280053C7CB/$file/11-5317-1424099.pdf
https://t.co/4wD9erArlN
http://t.co/0U73Agb8L4
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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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