Fannie Mae-No Politics (FNMA)

[obiterdictum]

Joseph A. Orlando is the now retired former CFO of Leucadia National (LUK). Orlando worked at Leucadia as CFO for 18 years. Bruce Berkowitz's mutual fund, The Fairholme Fund, and its capital branch, Fairholme Capital Management LLC, still own a significant amount of shares of LUK.

For example, Leucadia (3.6%) remains the Fairholme Fund’s longest held position.

See: Fairholme 2014 Annual Report

There is a relationship there and so calling on Orlando may be a tactical move regarding the deciphering of certain protecting financial documents. So, Cooper may be bringing on somebody who is both an expert in financial accounting and a corporate friend who is now retired for almost a year from Leucadia and perhaps qualified as not having an outstanding conflict of interest.