Fanniegate: Federal Judges Listened Carefully as Investors Pressed Their Case

Fanniegate: Federal Judges Listened Carefully as Investors Pressed Their Case by Investors Unite

Listen to a full replay of yesterday’s teleconference on the Investors Unite website.

The three federal judges who recently heard oral arguments in the Fairholme Funds suit stemming from the Net Worth Sweep of the profits and Fannie Mae and Freddie Mac offered no hint that they were about to rubber stamp U.S. District Judge Royce Lamberth’s 2014 dismissal of the case.

The fact that they gave attorneys three full hours, rather than the one hour allotted, to present arguments and respond to a number of probing questions demonstrates that they recognize the significance of the case and want to take a careful look at all...