Supreme Court Rejects Appeal by Hedge Funds in Fannie, Freddie Suits
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The Supreme Court rejected a case involving hedge funds claiming the government illegally took profits from Fannie Mae and Freddie Mac. The decision leaves an appellate court ruling in place, which mostly dismissed the hedge funds' claims. Hedge funds are pursuing other legal avenues, hoping for a reversal that could return over $100 billion to Fannie and Freddie. Key players include Perry Capital, Fairholme Funds, and Pershing Square. The dispute centers on a 2012 change that allowed the government to sweep all profits from Fannie and Freddie, which hedge funds argue should be reversed.
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Who are the major hedge fund holders involved in the Fannie Mae and Freddie Mac situation?
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How much money has the government sent to Fannie Mae and Freddie Mac since 2008?
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