$FNMA #FANNIEGATE
The Sixth Circuit ruled in the Rop case today:
(A) Acting Director DeMarco was not serving in violation of the Appointments Clause when he signed the third amendment; and
(B) the case is remanded to the district court to determine whether the unconstitutional removal restriction inflicted harm on shareholders;
and a copy of the decision is attached to this e-mail message.
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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.