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Hedge funds lose bid to quash Fannie, Freddie profit grab

Shares of the mortgage guarantors plunge after legal challenge fails
Thursday, February 23, 2017 - 05:50

Washington

HEDGE funds largely failed in their legal challenge to the US government's capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac after their bailout, sending shares of the mortgage guarantors plunging.

Perry Capital LLC, the Fairholme Funds

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