The Bhatti Plaintiffs delivered their supplemental opening brief to the Eighth Circuit this week, and a copy’s attached to this e-mail message. The Bhatti Plaintiffs urge the Eleventh Circuit to see they were harmed because FHFA’s unconstitutional structure under HERA restrained President Trump from replacing Mel Watt sooner and would have provided Director Calabria and Secretary Mnuchin adequate time to recapitalize the GSEs, restructure the PSPAs, and pave the way for the Enterprises to exit conservatorship.
