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

$FNMA #FANNIEGATE

Four documents were delivered to the D.C. Circuit today:

(A) Fairholme's unopposed motion to unseal its third motion (Doc. 1659133, filed Feb. 2, 2017) to supplement the record;

(B) Fairholme's reply in support of its third motion (Doc. 1659133) asking the D.C. Circuit to review more discovery materials;

(C) the Class Plaintiffs' letter pooh-poohing FHFA's excitement about Judge Scola's decision dismissing the Edwards Plaintiffs' lawsuit against Deloitte; and

(D) the Class Plaintiffs' letter alerting the Court to (i) the U.S. Supreme Court's recent decision in Lightfoot v. Cendant and (ii) a recent decision by the Delaware Supreme Court's decision in Dieckman v. Regency discussing the implied covenant of good faith and fair dealing;

and copies of those four filings are attached to this e-mail message.14-5243-1661273 14-5243-1661267 14-5243-1661268 14-5243-1661271

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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.