$FNMA #FANNIEGATE
David Thompson at Cooper & Kirk sent a letter to the Seventh Circuit this week pointing the judges to the section of the PSPAs that prevents the GSEs from paying down the liquidation preference on Treasury's senior preferred stock. A copy of that letter is attached to this e-mail message.
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.