#FANNIEGATE $FNMA

The Rafter Plaintiffs filed a redacted version of their second amended complaint this afternoon in the U.S. Court of Federal Claims, and a copy of that filing is attached to this e-mail message. The Rafter Plaintiffs discuss, at pp. 25-36, the government abandoning its commitment to restore the GSEs safety and solvency and its 2011 proposal to wind the GSEs down; Fannie and Freddie's record profit projections that followed that change; and the imposition of the Net Worth Sweep in 2012; and, at pp. 44-47, the Fourth Amendment to the PSPAs. The Rafter Plaintiffs include a new claim for relief, at pp. 57-58, asking Judge Sweeney to reform the Third Amendment and undo the damage done to GSE shareholders. 14-740-0027