The GSE Network

The Fanniegate fight was never one person screaming into the void. It was a network of twenty-plus people who exchanged thousands of emails over twelve-plus years. People with different backgrounds, different skill sets, different reasons for caring — but the same conviction that the Third Amendment Net Worth Sweep was wrong.

Some were institutional. Some were independent researchers. Some were journalists. Some were lawyers. Some were just investors who did their homework and refused to look away. What they had in common was staying power. Year after year, court case after court case, administration after administration — they showed up.

Glen was one voice among many. The network is what kept the fight alive.

It wasn't a Slack workspace. It wasn't a Discord server. It was email threads. Hundreds of them. Thousands of messages over more than a decade. The kind of communication that only works when everyone in the room actually cares.

The shared conviction was simple: the Third Amendment Net Worth Sweep — the government's 2012 decision to redirect every dollar of Fannie Mae and Freddie Mac profit to Treasury — was wrong. Not as an opinion. As a matter of law, as a matter of property rights, as a matter of what the government can and cannot do to shareholders.

Between them, the members of this network produced over 300 published articles. Multiple books. Countless legal analyses shared over email. Filings tracked, earnings reports dissected, policy proposals evaluated. The output was staggering — not because anyone was paid to do it, but because the work mattered to the people doing it.

Some wrote publicly on Seeking Alpha. Some wrote privately. Some filed amicus briefs. Some lobbied Congress. Some just read everything and asked the right questions at the right time. Every contribution counted.

Glen wrote 300+ articles, published 8 books, and spent twelve years on this. But he'd be the first to tell you: the network did it. Tim organized. Bill provided the institutional memory. David F. kept it in the press. Robert gave it academic credibility. Todd and Steve provided independent analysis. Peter tracked the legal details. Ryan never missed a thread.

Glen was one node in a network. The network is what mattered.