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

$FNMA #FANNIEGATE

Messrs. Jacobs and Hindes delivered their reply brief to the Third Circuit, and a copy is attached to this e-mail message. Messrs. Jacobs and Hindes press their argument that because the net worth sweep violates state law the third amendment was an illegal act and HERA does not block litigation challenging it, and FHFA's repudiation of the GSEs' contracts with shareholders require compensation under the statutory scheme HERA established. 17-3794-0023

Mr. Angel and FHFA filed notices in the U.S. District Court for the District of Columbia to alert Judges Boasberg and Lamberth that Mr. Angel's lawsuit is related to other cases pending before Judge Lamberth, and copies of those notices are attached to this e-mail message. 18-cv-01142-0004 18-cv-01142-0002

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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.