$FNMA #FANNIEGATE
Re: Fannie/Freddie Consolidated Class Action
Later yesterday evening, Fairholme filed a very short motion for summary judgment asking Judge Lamberth to say the periodic commitment fees under the PSPAs are unenforceable as a matter of law. A copy of Fairholme's filing is attached to this e-mail message.
Enjoyed this? Get more like it.
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.
More in Fanniegate
Keep Exploring
Fanniegate Timeline & Evidence
The full timeline, 8 books, and the current status of recapitalization.
Read morePlayFanniegate Games
Defend your preferred shares, trade the sweep, and more. Free browser games.
Read moreScreenplayFANNIEGATE: The Movie
The full screenplay — $7 trillion, 17 years, dramatized.
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.