the case law john carney cites seems to be better than peter chapman's $FNMA #FANNIEGATE
i'm still reading through these, but basically the idea seems to be a squeeze play of sorts, to see if the government can force fairholme to say that there was a takings in 2012 and that they weren't part of it (because apparently according to the government they didn't own shares at the time and i guess according to them you need to own something in order to have a takings claim) or to say there wasn't a takings and i guess then who knows what that means.
http://www.cadc.uscourts.gov/internet/opinions.nsf/E24B8CB7C50C05D985257B280053C7CB/$file/11-5317-1424099.pdf
https://t.co/4wD9erArlN
http://t.co/0U73Agb8L4
Enjoyed this? Get more like it.
Glen's Musings — AI, investing, and building things. Occasional. Free.
Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
More in Fanniegate
Keep Exploring
FNMA Stock Forecast & Analysis
What actually drives Fannie Mae stock — catalysts, restructuring math, and honesty.
Read moreNEWGSE Catalyst Tracker
Track every signal toward Fannie & Freddie privatization
Read moreNEWFannie Mae Preferred Dividends
Every series, coupon rate, suspension status, and yield math if dividends resume.
Read moreNEWFannie Mae vs Freddie Mac
Side-by-side comparison — and why it doesn't matter for investors.
Read moreNEWBest Preferred Stocks to Buy
26 series Glen actually owns — with coupon rates, par values, and reasoning.
Read moreFanniegate Timeline & Evidence
The full timeline, 8 books, and the current status of recapitalization.
Read moreTrading Analysis — 4 Years of Data
Every trade, every ticker, every price. 2,068 transactions parsed and visualized.
Read moreHow to Buy Preferred Stock
Step-by-step guide from an investor who owns 26 series.
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.