Forensic Accounting Evidence continues to hit pay dirt in documents released to the public. The idea here would be for an accountingrestatement resulting in $100B+ back to the GSEs.
These documents show that, contrary to Defendants’ misleading submissions to the district court, the Net Worth Sweep was adopted for the improper purposes of awarding windfall profits to Treasury and preventing the Companies from rebuilding capital and returning to a sound and solvent condition. http://www.glenbradford.com/wp-content/uploads/2016/05/14-5243-1615013.pdf
These aims are antithetical to Defendants’ statutory responsibilities under HERA, and the Net Worth Sweep must be set aside. May 25, 2016 Respectfully submitted, Theodore B. Olson Douglas R. Cox Matthew D. McGill GIBSON, DUNN & CRUTCHER LLP 1050 Connecticut Avenue, N.W. Washington, D.C. 20036 Telephone: 202.955.8500 Facsimile: 202.467.0539 Counsel for Appellant Perry Capital LLC /s/ Charles J. Cooper Charles J. Cooper David H. Thompson Vincent J. Colatriano Peter A. Patterson Brian W. Barnes COOPER & KIRK, PLLC 1523 New Hampshire Avenue, N.W. Washington, D.C. 20036 Telephone: 202.220.9600 Facsimile: 202.220.9601 Counsel for Appellants Fairholme Funds, Inc., et al.