GSEs: Government’s Position in Delaware Case Upended by Ruling in 9th CircuitGuest Post
A decision by the Ninth Circuit Court of Appeals yesterday has bolstered the case of Fannie and Freddie shareholders David Jacobs and Gary Hindes, who are arguing in court that the Net Worth Sweep violates Delaware state law.
The Ninth Circuit upheld a lower court's decision in the case of United States of America ex rel. Adams v. Aurora Loan Serv., Inc. The Court agreed with the government that the conservatorship of the GSEs does not "transform Fannie . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible