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7th Circ. Axes Fannie Mae, Freddie Mac Shareholder Suit

By Hayley Fowler ( May 4, 2018, 4:57 PM EDT) -- Two Fannie Mae and Freddie Mac shareholders who accused the Federal Housing Finance Agency and the U.S. Department of the Treasury of siphoning the companies' profits into government coffers can't revive their claims, the Seventh Circuit said on Thursday, finding that the two agencies had the statutory authority to do so....

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