$FNMA #FANNIEGATE
The Fifth Circuit released its opinion today finding that FHFA is unconstitutionally structured. Nevertheless, the Fifth Circuit also finds that sec. 4617(f) of HERA blocks shareholders from complaining about the Net Worth Sweep while the GSEs are in conservatorship. The three judges serving on the panel reviewing Judge Atlas' decision don't see eye-to-eye on everything. A copy of the Fifth Circuit's opinion is attached to this e-mail message. 17-20364-00514557220
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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.