$FNMA #FANNIEGATE

After sitting on the sidelines for the past two years following his appearance before the Judicial Panel on Multidistrict Litigation, Joshua J. Angel sued Fannie Mae, Freddie Mac and the individuals serving as GSE directors at the time the Net Worth Sweep was imposed, yesterday in the U.S. District Court for the District of Columbia.  A copy of Mr. Angel's complaint and a statement he released yesterday explaining how his lawsuit differs from other lawsuits challenging the net worth sweep are attached to this e-mail message.  Mr. Angel, you'll recall, authored Government Perfidy and Mismanagement of the GSEs in Conservatorship posted at http://gselinks.com/pdf/Govt_Perfidy_Angel.pdf in Feb. 2016.  Mr. Angel is a well-respected corporate restructuring lawyer with decades of experience resolving companies' business, legal and financial problems.  For some reason, the Clerk assigned Mr. Angel's lawsuit to Judge Boasberg; it should be shuffled to Judge Lamberth in short order.  Mr. Angel's complaint takes a fresh approach to challenging the net worth sweep and is worth pondering. 18-cv-01142-0001 AngelStatement

The Collins Plaintiffs' tell the Fifth Circuit, in a letter dated yesterday, they should ignore the Seventh Circuit's Roberts opinion because the panel doesn't address the constitutional claims raised in this litigation.  A copy of that letter is attached to this e-mail message. 17-20364-00514480974

The Rop Plaintiffs tell Judge Maloney that the Seventh Circuit's Roberts opinion neither addresses nor undermines the constitutional claims presented in this lawsuit challenging FHFA's freedom to do whatever its pleases without oversight by at least one of the three branches of our government.  A copy of yesterday's filing is attached to this e-mail message. 17-cv-00497-0045