WASHINGTON, July 24, 2017 /PRNewswire/ -- On Tuesday, July 25, 2017, at 9:30 am EDT, Investors Unite Executive Director Tim Pagliara will host a teleconference to discuss how newly released documents further prove that government officials executed a carefully designed plan to illegally plunder Fannie Mae and Freddie Mac.
Pagliara will be joined by Cooper & Kirk Partner Pete Patterson, who represents plaintiffs for Fairholme Funds who are litigating against the federal government for its overreach in implementing the Net Worth Sweep of Fannie and Freddie's earnings.
Ahead of the call, Investors Unite has highlighted some of the latest revelations. The documents released late last week provide the most conclusive evidence to date that the government's persistent claim that the Sweep was needed to protect taxpayers from government sponsored enterprises' dependence on the Treasury is specious. In fact, as the latest tranche of documents proves, officials were fully aware the GSEs were not only well positioned to meet dividend obligations but also to post large profits that would end up in federal coffers once the Net Worth Sweep was implemented.
To join the teleconference, please RSVP to [email protected]. As a reminder, to ensure you are on the line in time for the start of the call, please try to dial in 5-10 minutes ahead of the scheduled call time.
WHO: Tim Pagliara, Investors Unite Executive Director and CapWealth Advisors Chairman and CEO
Pete Patterson, Partner, Cooper & Kirk
WHAT: Investors Unite Call on Newly Released Documents
WHEN: Tuesday, July 25, 9:30 am EDT
DIAL IN: 877‑888‑4291 or 785-424-1878; Conference ID: GSE
RSVP: Please RSVP to [email protected]
About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 1,400 private investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE reform that fully respects the legal rights of Fannie Mae and Freddie Mac shareholders and offers full restitution on investments.
SOURCE Investors Unite