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

13-465-0297 Fiarholme filed a redacted version of its Reply in support of its Motion to Compel this morning, and a copy is attached to this e-mail message.

Although the Government's Response (Doc. 284) is still under seal, Fairholme's Redacted Reply gives us some glimpses of the Government's arguments in support of withholding the 11,000 documents it doesn't want Fairholme to have.  Fairholme tells us, for example, in the first sentence of its Redacted Reply that the Government characterizes the Motion to Compel, challenging the Government's privilege assertions, as "'picking the lint' off the Government's massive document production in this case."

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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.