Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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$FNMA #FANNIEGATE

Judge Maloney entered a paperless order today referring the question of whether the Rop Plaintiffs should be allowed to file one consolidated 60-page brief or three 25-page briefs as purportedly required by the local rules to Magistrate Kent for his review and recommendation.  Hopefully Magistrate Kent will begin his analysis with the guidance from the U.S. Supreme Court in Rule 1 of the Federal Rules of Civil Procedure that all rules promulgated by federal courts "should be construed and administered to secure the just, speedy, and inexpensive determination of every action and proceeding."

Messrs. Jacobs and Hindes are asking Judge Sleet to entertain oral argument on their request that the court look at additional documents Fairholme discovered.  A copy of Messrs. Jacobs and Hindes' request is attached to this e-mail message.15-00708-0079

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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.