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High Court Won't Hear Banks' Appeal In FHFA Securities Suit

By Max Stendahl ( October 7, 2013, 3:45 PM EDT) -- More than a dozen banks accused by the Federal Housing Finance Agency of selling toxic mortgage-backed securities to Fannie Mae and Freddie Mac before the financial crisis cannot challenge a Second Circuit ruling allowing a bellwether FHFA case to proceed against UBS AG, the U.S. Supreme Court said Monday....

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