Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
|glenbradford-wordpressFanniegate|1 min read

$FNMA #FANNIEGATE

FHFA and Treasury filed their Motions to Dismiss the Saxton Plaintiffs' Amended Complaints this afternoon.  Because the government filed super-sized digital copies of the Exhibits to their Motions to Dismiss, copies of the Motions to Dismiss follow in separate e-mail transmissions.  If those e-mail transmissions don't arrive, copies are available at:

http://bankrupt.com/misc/15-00047-0076.pdf and http://bankrupt.com/misc/15-00047-0077.pdf

These filing don't materially differ from pleadings we've seen previously.

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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.