Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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#FANNIEGATE $FNMA

The Government filed a Motion (Doc. 285) this evening requesting that Judge Sweeney grant some type of relief on an expedited basis.  Because the Motion was filed under seal, we have no idea what's being requested.  The docket entry indicates that the Motion is unopposed.

Approximately ninety minutes after the Motion was filed, Fairholme filed a Response (Doc. 286) to the Motion.  Because the Response was filed under seal, we have no idea what Fairholme shared with Judge Sweeney.

If the Government wants to file a Reply, it will be due by Feb. 4.

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Disclaimer: 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.