New documents give hope to Fannie shareholders seeking redress

New documents give hope to Fannie shareholders seeking redress By Bloomberg News Shareholders of Fannie Mae and Freddie Mac say a trove of documents they have obtained bolsters their case that the government lied when it decided to take all of the mortgage companies’ profits.

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But the administration is not a bailout because shareholders will take a big hit. From Paulson’s statement: “[L]et me make clear what today’s actions mean for Americans and their families. Fannie..

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The maddest solution of all would be for the government to give the. The hope in Mr. Paulson’s plan is that there are enough “greater fools” with enough money to borrow from yet more foolish new.

Existing-home sales fall to three-year low, miss estimates U.S. Existing Home Sales Fall to Three-Year Low, Miss Estimates Shobhana Chandra , Bloomberg News (Bloomberg) — Sales of previously owned U.S. homes fell to the slowest pace in more than three years, falling short of estimates and indicating that the housing market remained in a slowdown as the year ended.People on the move: April 27 The Sacramento business journal features local business news about Sacramento. We also provide tools to help businesses grow, network and hire. People on the Move – Sacramento Business Journal

The Supreme Court on Tuesday declined to hear a suit filed by shareholders of Fannie Mae FNMA, -1.08% and freddie mac fmcc, -1.49% the two mortgage finance giants taken into government.

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