Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) investors suffered a major blow. They lost their legal challenge to a change in the mortgage giants’ 2008 bailouts that sent nearly all their profits to the U.S. Treasury.
The U.S. faces almost 20 federal actions brought by investors who claim they’ve been barred from participating in the post-bailout profits earned by the mortgage giants.
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations.He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications.His hobbies are tracking global financial developments and watching sports
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