Now Freddie Undermines the Government’s Defense (Redacted Info)

Fairholme says it has found an internal Freddie Mac email sent THE DAY the NWS was announced that “… directly undermines the Government’s narrative about the rationale for the Net Worth Sweep in the Fairholme litigation…”

Told ya’ once discovery started this would get good…..


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Full Filing (pdf)

The post Now Freddie Undermines the Government’s Defense (Redacted Info) appeared first on ValuePlays.

About the Author

Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.