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

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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.