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

$FNMA #FANNIEGATE

16-cv-21221-0007Deloitte & Touche wants the U.S. District Court for the Southern District of Florida to stay the lawsuit against it concerning its audits of Fannie Mae, and a copy of that request is attached to this e-mail message.  Deloitte steers the Court's attention to judicial efficiency and redundant litigation considerations, and wants the lawsuit against it placed on hold until the JPMDL renders its decision on FHFA's transfer and consolidation request.

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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.