Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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The Fanniegate ChronicleVol. XVIII · No. 412Tues., April 15, 2026 · 25¢
EXCLUSIVE · Filed 4/14/2026

HUME
HITS BACK!

Class Counsel Rewrites the Script — One Day After the Court Splits the Clock

Gloves Up · Round One Begins April 21 · 9:30 a.m. · D.C. Circuit

Tap anywhere to throw a punchPunches thrown: 0

⚔️ The Fight Card ⚔️

IN THIS CORNER
Hamish Hume
Boies Schiller Flexner
Role: Counsel for the Class
Assignment: Defending the jury verdict
The verdict record — every witness, every exhibit
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IN THAT CORNER
Brian Barnes
Cooper & Kirk
Role: Counsel for Berkley
Assignment: Arguing the cross-appeal
The novel legal ask — additional damages on remand
GOVERNMENT DOES NOT OBJECT

THE SCOOP

On April 13, 2026, the D.C. Circuit ordered oral argument time split by party: FHFA got 20 minutes. Berkley got 15. The Class got a paltry 5.

One day later, Hamish Hume and Brian Barnes sent the Clerk a letter with a different plan. Split the plaintiffs' combined 20 minutes by subject matter instead.

Hume — who tried the case — argues the defendants' appeal. He defends the jury verdict. Barnes — whose firm specializes in exactly this constitutional terrain — argues the cross-appeal. He goes for more damages.

Each lawyer on the issue he knows cold. No context-switching. No diluted focus.

And the government? Confirmed they do not object.

That is not what a confident appellant gives up without a fight. That is what you concede when you've already decided which punches you can take.

FREE THE COMPANIES

Fannie Mae and Freddie Mac have been in government conservatorship since 2008. They've returned over $300 billion to Treasury — more than was ever extended. The Net Worth Sweep was never part of the deal.

A conservatorship preserves. It doesn't harvest forever.

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Round One: April 21
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Read the Punches Live

Reported by Glen Bradford · Long FNMA & FMCC preferred · Not financial advice