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Investors Unite Teleconference: Newly Unsealed Documents with Plaintiff Attorney

Monday, July 24, 2017

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 […]

More Documents, More Proof of a Scheme to Illegally Pilfer Fannie and Freddie

Monday, July 24, 2017

As they have for years, government lawyers continue to insist that the Net Worth Sweep was critically necessary to relieve Fannie and Freddie from a purported “death spiral” in which the GSEs would have to make draws on the Treasury commitment simply to pay dividends back to the Treasury. The reasoning was laid out in […]

Small Lenders United in Opposition to Big Bank Plans to Replace Fannie and Freddie

Friday, July 21, 2017

Key senators and the Mortgage Bankers Association (MBA) want smaller lenders to believe big banks have their back on plans to overhaul of housing finance policy, specifically Fannie Mae and Freddie Mac, but a panel of smaller players expressed ample skepticism at a Senate Banking Committee hearing on July 20. Chairman Mike Crapo, R-Idaho, and […]

On Second Thought…Federal Court Concedes a Little on Shareholder Damage Claims

Tuesday, July 18, 2017

It looks as though the U.S. Circuit Court for the District of Columbia has acknowledged it was a bit too sweeping in February when it rejected GSE shareholders’ claims in Perry Capital’s suit against the government over the Net Worth Sweep. In its 2-1 decision at that time the court minced few word in trying […]

Pursuit of Shareholder Rights Alive and Well as Sixth Circuit Considers Appeal

Monday, July 17, 2017

Nearly two years ago, a retired bank manager and shareholder named Arnetia Joyce Robinson filed a complaint in U.S. District Court in Kentucky laying out the government’s violation of the law in its implementation of the Net Worth Sweep of Fannie Mae and Freddie Mac’s revenues. That court dismissed the case and Ms. Robinson filed […]

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