Fannie, Freddie shareholders seek $41B in damages from government

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The 2008 decision by government regulators to place Fannie Mae and Freddie Mac in conservatorship may have been “beneficial to the economic welfare of the nation,” but it “trampled the private ownership rights” of shareholders in the company, according to a lawsuit that seeks class-action status to recover $41 billion in damages on behalf of investors. Source: bloomberg.com.