$fnma #fanniegate

In two letters delivered to the Sixth Circuit yesterday (copies of which are attached to this e-mail message):

-- Ms Robinson's lawyers at Cooper & Kirk distinguish the AIG case from this case, explaining that AIG's deal with the Fed was an arms'-length transaction and the Net Worth Sweep wasn't; and

-- FHFA's lawyers at Arnold & Porter say that Mr. Watt's recent testimony isn't any form of additional authority for the court to consider and, in any event, is entirely consistent with FHFA's position.16-6680-0032 16-6680-0033