Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
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Chief Judge Sweeney entered an order this afternoon extending the government's deadline to file its reply to May 6, 2019.  Judge Sweeney gave the government a week more than it requested because she wants the government to make an additional filing cross-referencing its various arguments about why each lawsuit should be dismissed with the count stated in each of the shareholders' separate complaints.  Additionally, Judge Sweeney will accept a 100-page reply from the government.  A copy of Judge Sweeney's order is attached to this e-mail message.

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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.