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

$FNMA #FANNIEGATE

FHFA delivered its Reply to the JPMDL yesterday, and a copy of that filing is attached to this e-mail message.  FHFA calls the shareholder-plaintiffs' attempts to distinguish their cases "illusory and immaterial" and says they fail.  FHFA tells the JPMDL to ignore arguments FHFA made opposing the transfer of other cases because, um, FHFA knows best which cases should and shouldn't be transferred and consolidated?  FHFA presses forward with its pitch for transfer and consolidation of the Florida audit malpractice cases to which it and the GSEs are not a party.  Surprisingly, FHFA ignored Josh Angel's Response (Doc. 11) in its Reply.MDL 2713-0023

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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.