$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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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.
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