$FNMA #FANNIEGATE
The Clerk for the Eighth Circuit released the Saxton Plaintiffs' reply brief today, and a copy is attached to this e-mail message. The Saxton Plaintiffs include a chart on pages 15 and 16 showing that FHFA and Treasury's justifications for the Net Worth Sweep do not agree with the factual allegations in the Saxton Complaint. As a result, the Saxton Plaintiffs argue, Judger Reade's dismissal of their lawsuit should be reversed and the District Court should review evidence in a trial to determine which version of the story surrounding the Net Worth Sweep is correct.17-1727-0020
Enjoyed this? Get more like it.
Glen's Musings — AI, investing, and building things. Occasional. Free.
Related Posts
Keep Exploring
Fanniegate Timeline & Evidence
The full timeline, 8 books, and the current status of recapitalization.
Read moreScreenplayFANNIEGATE: The Movie
The full screenplay — $7 trillion, 17 years, dramatized.
Read moreScreenplayFANNIEGATE: The Hero Movie
One guy from Indiana who bet everything and wouldn't shut up about it.
Read moreCurrent Positions
26 series of junior preferred stock across Fannie Mae and Freddie Mac.
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.