A lot has happened in the Perry Injunction. I am attaching PDF files of the Appeal schedule and the “Transmission of Notice of Appeal and Docket Sheet to USCA” That was sent over to the DC district court of appeals where the appeal will be held. The schedule is pretty straight forward.The transmission and docket sheet is helpful for anyone looking to research this case. I am also posting a link to both Berkowitz and Ackmans statements that were released today.
Fairholme issued a release informing us that they too will be joining Perry Capital in appealing Judge Lamberth decision. Again I want to clarify that Fairholme was involved in the “Perry Injunction” not to be confused with the “Fairholme lawsuit which is in the Court of claims. Berkowitz says “Fairholme believes strongly that the Net Worth Sweep – imposed four years after the financial crisis – was not authorized by the Housing and Economic Recovery Act of 2008 (“HERA”) and must be unwound. Fairholme also believes strongly that the Federal Housing Finance Agency (“FHFA”) has contractual and fiduciary duties to the preferred shareholders of Fannie Mae and Freddie Mac, and that these duties can and will be enforced.” Sound familiar? A little bit of our discussion with Maxine Water’s that we shared is really playing quite the role lately.
The fact that Bill Ackman increased his position was not surprising at all. As I pointed out soon after Judge lam berths decision that though disappointing, it did not justify the irrational share price drop we witnessed. Ackman obviously capitalized on the opportunity.
We saw more progress towards changing the narrative and pushing toward reform/release again today in this article.”Why Not Use Fannie and Freddie to Make a Better Primary Market, Instead of Scrapping Them?”. The title says it all. As I have said many times we do have allies but it is all about timing.

Perry Inj.Transmission of Notice of Appeal and Docket Sheet to USCA pdf

10:8:14 Perry Injunction appeal schedule. 2