Fannie/Freddie Consolidated Class Action
FHFA, Fannie and Freddie filed a reply in support of their motion to deny prejudgment interest to Fannie Mae shareholders under Delaware law, and a copy of that filing is attached to this e-mail message. In the event Judge Lamberth doesn't nix prejudgment interest under Delaware law, the trio tells the court it should calculate prejudgment interest to Fannie Mae junior preferred shareholders using simple interest at a fixed rate of 5.13%.
Enjoyed this? Get more like it.
Glen's Musings — AI, investing, and building things. Occasional. Free.
Related Posts
Keep Exploring
Fanniegate Timeline & Evidence
The full timeline, 8 books, and the current status of recapitalization.
Read moreScreenplayFANNIEGATE: The Movie
The full screenplay — $7 trillion, 17 years, dramatized.
Read moreScreenplayFANNIEGATE: The Hero Movie
One guy from Indiana who bet everything and wouldn't shut up about it.
Read moreCurrent Positions
26 series of junior preferred stock across Fannie Mae and Freddie Mac.
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.