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

$FNMA #FANNIEGATE

Three GSE shareholders filed a fresh lawsuit in the U.S. District Court for the District of Minnesota today, and a copy of their complain is attached to this e-mail message.  The Bhatti Plaintiffs are represented by Scott D. Knudson at Briggs and Moran, P.A., in Minneapolis.  The Bhatti Plaintiffs want the Court to vacate and set aside the third amendment, declare that FHFA's structure is unconstitutional, and strike HERA's provisions that FHFA interpret to empower it to do whatever it wants with the GSEs and their assets. 17-cv-02185-0001

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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.