FHFA Can’t Stop Hedge Fund Probe of GSE Dividend Plan, Judge Says
American Banker - July 23, 2014 - July 23, 2014
American Banker
July 23, 2014, By Brian Collins
A federal judge has directed regulators to stop blocking a hedge fund from conducting discovery into the government’s decision to sweep Fannie Mae and Freddie Mac’s profits in the coffers of the U.S. Treasury.
In making her decision, U.S. Court of Federal Claims Judge Margaret Sweeney dismissed objections raised by the Federal Housing Finance Agency.
“FHFA cannot evade judicial review simply by invoking its authority” as the conservator of the two government sponsored enterprises, she said.
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