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

$FNMA #FANNIEGATE

683 Capital Partners, LP, filed a lawsuit in the U.S. Court of Federal Claims this past Friday, and a copy of their complaint is attached to this e-mail message.  683 Capital is represented by Matthew M. Riccardi at Richards, Kibbe & Orbe LLP in New York.  As of April 16, 2012, 683 Capital owned more than $10 million of junior preferred stock in the GSEs. 18-00711-0001 (1)

The Clerk assigned this case to Judge Wolski.  I suspect the Clerk selected the wrong judge's name from a drop-down menu and will reassign it to Judge Sweeney in short order.

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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.