$FNMA #FANNIEGATE
Judge Sweeney granted the government the 43-day extension it requested, and added some additional comments in her order attached to this e-mail message saying that she will also take a dim view of any further delay beyond the end of May. 13-465-0371
"A brief filed by another government agency in unrelated litigation in another court does not constitute authority," FHFA tells Judge Atlas in a [myopic] Response filed this afternoon, adding that FHFA doesn't see the inconsistency the Collins Plaintiffs see. I'm personally surprised by FHFA's possible concession to GSE shareholders that there's been no "adjudication of their rights" in extraordinarily vague language that would be incredibly hard to locate using any keyword search scheme appearing in the last sentence on page 2 of FHFA's Response filed today.16-cv-03113-0051
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Read moreDisclaimer: 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.