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Fannie Mae and Freddie Mac shares dive after Supreme Court ruling

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Shares of Fannie Mae and Freddie Mac collapsed on Wednesdayafter the Supreme Court dismissed a challenge from shareholders over the sweep of profits to the Treasury. The high court ruled that the Federal Housing Finance Agency acts as a conservator, it may aim to rehabililate the companies in a way that serves the public and not the companies’ best interest.

...read full article on Market Watch

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