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Nomura Says FHFA Can't Back Up Timeline In MBS Suit

By Aebra Coe ( October 22, 2014, 4:33 PM EDT) -- Nomura Holding America Inc. told a New York federal court Tuesday that the Federal Housing Finance Agency can't back up its contention that it was oblivious before 2008 that Fannie Mae and Freddie Mac were sold toxic residential mortgage-backed securities — a claim that would sink the bank's statute of limitations defense. . . .

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