Treasury doesn’t want former Fannie CFO in GSE investor lawsuit

Tim was mentioned in a HousingWire article yesterday about the Treasury’s stance that former Fannie Mae CFO Tim Howard should not be allowed to serve as a consultant to Fairholme Funds in their lawsuit against the government over its conservatorship of the GSEs.

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FHFA’s Emergency Motion To Compel Production Of Settlement Agreement This emergency motion is with respect to a lawsuit. the plight of GSE shareholders and not FHFA, so it’s interesting to see the.

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WASHINGTON – The debate over whether Fannie Mae and Freddie Mac should be allowed to keep some of their profits and rebuild capital is occurring against the backdrop of a larger, arguably more consequential battle over the U.S. debt limit. Under the current arrangement with the Treasury Department.

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Treasury doesn’t want former Fannie CFO in GSE investor lawsuit Once again, the farce of so-called sec "prosecutions" reveals itself. Last Friday, the financial watchdog agency charged six former top executives from Fannie Mae and Freddie Mac with securities fraud for deliberately misleading the pubic about how much money they had invested in.

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Housing Wire – "Treasury doesn’t want former Fannie CFO in GSE investor lawsuit" (9-16-14) "A week ago HousingWire first reported that former Fannie Mae CFO J. Tim Howard was hired by Fairholme Funds in their lawsuit against the U.S. Treasury, and now the government is arguing against allowing Howard access to 800,000 pages of.

BankThink Ousted Fannie Mae CFO Tells His Side of the Story. He doesn’t even acknowledge mistakes in the accounting scandal that resulted in his departure. Rather, Howard claims that the OFHEO found signs of fraud and forced Fannie to restate years of earnings offered to endear itself to the GSE’s detractors.

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[color=blue]Debt limit debate complicated by Fannie, Freddie dividends Quote: Treasury Secretary Steven Mnuchin has estimated that the government will be able to pay its debts until Sept. 29. The next payment from the GSEs is expected to total

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James Lockhart Discusses GSEs, Housing and the Economy The US Treasury struck an agreement with another government agency that might drain Fannie and Freddie to zero capital by 2018 by giving all their capital to the US Treasury. Shareholder lawsuits have.