$FNMA #FANNIEGATE
FHFA and Treasury filed their Replies in support of their Motions to Dismiss Saxton v. FFHA today, and copies of those filings are attached to this e-mail message.
FHFA is convinced that it acted appropriately, and nothing the Saxton Plaintiffs have shown the Court alters FHFA's beliefs. In short, more of the same.
Treasury maintains it's you-can't-sue-us positon. Again, more of the same.15-00047-0046
Fairholme has filed a Motion to Compel (Doc. 270) disclosure of something today and that filing is sealed. Who knows if it's a request for documents or testimony abut something. We'll know more when a redacted copy of today's motion is filed in a week or two or three.
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Glen's Musings — AI, investing, and building things. Occasional. Free.
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.