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Tag: Fannie Mae And Freddie Mac

Hedge Fund Sues Government Over Seizing Fannie Mae, Freddie Mac Profits – Money Morning

A hedge fund hoping to capitalize on the comeback of Fannie Mae and Freddie Mac claims in a lawsuit the government illegally seized the profits of the two mortgage finance giants.

The suit, filed Sunday by Perry Capital LLC, says the government violated a 2008 law that put Fannie and Freddie into conservatorship, through an amendment changing the terms of the government’s bailout.

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