$FNMA #FANNIEGATE

14-5243-1602442Treasury filed its Final Brief in Perry v. Lew this afternoon, arguing that Judge Lamberth's decision should be affirmed.  A copy of Treasury's Final Brief is attached to this e-mail message.  Treasury recycles many arguments we've read before.  Starting at page 50, Treasury says (i) it has no fiduciary duty to the GSEs or their shareholders, (ii) GSE shareholders have no contractual claims against Treasury, and (iii) no purpose would be served by supplementing the Administrative Record or anybody looking at any of the materials Fairholme has lodged with the D.C. Circuit.