Media Teleconference at 9:30am EDT Tomorrow on Unsealed Documents with Plaintiff Attorney
On Tuesday, July 25, 2017, at 9:30 am EDT, Investors Unite Executive Director Tim Pagliara will host a teleconference to discuss how newly released documents further prove that government officials executed a carefully designed plan to illegally plunder Fannie Mae and Freddie Mac.
Pagliara will be joined by Cooper & Kirk Partner Pete Patterson, who represents plaintiffs for Fairholme Funds who are litigating against the federal government for its overreach in implementing the Net Worth Sweep of Fannie and Freddie’s earnings.
Ahead of the call, Investors Unite has highlighted some of the latest revelations. The documents released late last week provide the most conclusive evidence to date that the government’s persistent claim that the Sweep was needed to protect taxpayers from government sponsored enterprises’ dependence on the Treasury is specious. In fact, as the latest tranche of documents proves, officials were fully aware the GSEs were not only well positioned to meet dividend obligations but also to post large profits that would end up in federal coffers once the Net Worth Sweep was implemented.
To join the teleconference, please RSVP to [email protected] As a reminder, to ensure you are on the line in time for the start of the call, please try to dial in 5-10 minutes ahead of the scheduled call time.
Pete Patterson, Partner, Cooper & Kirk