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

$FNMA #FANNIEGATE

The Institutional Plaintiffs delivered their petition this afternoon asking the three-judge panel in the D.C. Circuit to rehear their appeal.  The request is narrow, asking the judges to modify their ruling to make it clear that they did not abandon their common law claims.  A copy of that petition is attached to this e-mail message.  While Judges Millet and Ginsburg indicated in their majority opinion that Fairholme and other Institutional Plaintiffs had abandoned their common law claims, Hamish Mume, the lead lawyer representing the Class Plaintiffs, makes clear in a declaration attached to today's petition that is not the case; rather, Mr. Hume explains, the Class and Institutional Plaintiffs acted in concert but attempted to spare the Court from redundant briefing.14-5243-1667742

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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.