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

$FNMA #FANNIEGATE

FHFFA, Fannie, Freddie, the Class Plaintiffs, Fairholme and Arrowood tendered a [plain-vanilla, bland and failing to capture future investors' excitement on any level] request to stretch all of the proceedings before Judge Lamberth to July 2022, and a copy of that [GSE shareholder-insulting] filing is attached to this e-mail message.

13-mc-01288-0119Download

FHFA, Fannie and Freddie had an extraordinary opportunity to steer the conversation in a different direction.  It's a shame they didn't.

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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.