Menu

Headlines

The Net Worth Sweep’s Moral and Practical Deficiencies

Monday, November 13, 2017

A new paper by John Berlau at the free-market oriented Competitive Enterprise Institute, not surprisingly, takes a dim view of the historic and persistent roles of Fannie Mae and Freddie Mac in the home mortgage market. It takes an equally dim view of the government’s lack of respect for the rights of shareholders in the […]

Groundhog Day on Capitol Hill

Friday, November 3, 2017

In the 1993 comedy Groundhog Day, Phil Connors (Bill Murray) is stuck in an endless loop, hearing the same things, and repeating the same day. At one point, he asks a friend, “What would you do if you were stuck in one place and every day was exactly the same, and nothing that you did […]

An Overview of Litigation Landscape as Several Cases Advance in Court

Friday, November 3, 2017

The wheels of justice turn slowly but recent turns have advanced the cause of Fannie Mae and Freddie Mac shareholders. In addition, the U.S. Supreme Court could decide by the end of the year to take up a cert petition to review challenges to the Net Worth Sweep. In an Investors Unite teleconference Wednesday, David […]

Another Quarterly Treat for Treasury, Another Trick on Everyone Else

Tuesday, October 31, 2017

At some point in the future, Fannie Mae and Freddie Mac will retain their quarterly revenues just as other companies do, allocating funds to capital reserves, and other routine functions. For now, however, the money will flow into Treasury and be spent in ways almost impossible to track. Today Freddie Mac announced its income for […]

The Last Word on the Document Tug of War?

Monday, October 23, 2017

U.S. Court of Federal Claims Judge Margaret Sweeney’s opinion in agreeing to Fannie and Freddie shareholders’ request for a “quick peek” review of an additional 1,500 documents at the center of a drawn-out discovery process should be the last word about the limits of government secrecy. The suit by investors with Fairholme Funds, Inc. alleges […]