Wednesday, August 24, 2016

Federal court tosses #Fanniegate suit seeking to inspect Freddie Mac's records

In what is already being called a “blow to shareholders,” a federal court in Virginia ruled Tuesday that a Freddie Mac shareholder does not have the right to inspect the government-sponsored enterprise’s financial records, thanks to the conservatorship agreements that went into effect when the government took over Freddie Mac and Fannie Mae.

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