Fannie Mae Shareholders Sue U.S. Treasury
Fannie Mae shareholders have filed a lawsuit against the Department of the Treasury and the Federal Housing Finance Agency according to an announcement made by the group Restore Fannie Mae yesterday. The suit highlights the unusual position of Fannie Mae/Federal National Mortgage Association (OTCBB:FNMA). Shareholders are nominally suing the company itself, but their real target is the government conservators in charge of the company.
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