Supreme Court rejects Fannie-Freddie investors on U.S. profit-taking
The U.S. Supreme Court turned away four appeals from Fannie Mae and Freddie Mac shareholders who said they were entitled to compensation after the Treasury collected more than $100 billion in profits from the government-sponsored enterprises. The investors argued unsuccessfully that the so-called profit sweep, part of the 2012 agreements that modified the government’s bailout … [Read more…]