Bruce Berkowitz On De-Designation of GSE Documents

0
Bruce Berkowitz On De-Designation of GSE Documents

On Monday, Judge Margaret Sweeney in the U.S. Court of Federal Claims unsealed seven documents (obtained through discovery in Fairholme Funds, Inc., et. al. v. United States, Case No. 13-465C) that shed light on the unlawful actions of the Federal Housing Finance Agency (“FHFA”) and the United States Treasury (“Treasury”) in expropriating the assets of Fannie Mae and Freddie Mac. Collectively, these documents provide clear and convincing evidence that FHFA and Treasury brazenly violated the law when they decided to seize all of the capital from Fannie and Freddie.

Bruce R. Berkowitz, Founder and Chief Investment Officer of Fairholme Capital Management, stated: “The release of these seven documents is just the tip of the iceberg. The American people deserve to see the tens of thousands of documents hidden for no good reason by the defendants. We expect to see them – and as these documents demonstrate, they will prove our case.”

View the unsealed documents

This Top Value Hedge Fund Is Killing It This Year So Far

Stone House Capital PartnersStone House Capital Partners returned 4.1% for September, bringing its year-to-date return to 72% net. The S&P 500 is up 14.3% for the first nine months of the year. Q3 2021 hedge fund letters, conferences and more Stone House follows a value-based, long-long term and concentrated investment approach focusing on companies rather than the market Read More

Documents Undercut U.S. Case for Taking Mortgage Giant Fannie Mae’s Profits
The court documents unsealed by Judge Margaret M. Sweeney are available by clicking the links below:
Document 304-3 Exhibit C Redacted
Document 304-4 Exhibit D Redacted

Document 304-5 Exhibit E Redacted
Document 304-6 Exhibit F Redacted

Document 304-7 Exhibit G Redacted
Document 304-8 Exhibit H Redacted

Document 304-9 Exhibit I Redacted

 

Updated on

No posts to display