$FNMA #FANNIEGATE
The Fifth Circuit released its opinion today finding that FHFA is unconstitutionally structured. Nevertheless, the Fifth Circuit also finds that sec. 4617(f) of HERA blocks shareholders from complaining about the Net Worth Sweep while the GSEs are in conservatorship. The three judges serving on the panel reviewing Judge Atlas' decision don't see eye-to-eye on everything. A copy of the Fifth Circuit's opinion is attached to this e-mail message. 17-20364-00514557220
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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.