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US Supreme Court Dashes Fannie, Freddie Investors Hopes of $100 Billion Payday

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In a decision in which five of six conservative U.S. Supreme Court Justices concurred and in which the rest of the Justices concurred in part, the Supremes threw out a challenge launched by investors in Fannie Mae (FNMA) and Freddie Mac (FMCC) who were seeking a share of some $100 billion in the two agencies’ profits.

...read full article on 24/7 Wall Street

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