This week the United States Supreme Court rejected appeals in a case challenging the federal government’s handling of profits generated by Fannie Mae and Freddie Mac since they came under government control during the 2008 financial crisis. On Tuesday, the ...
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Judge Seeks More on GSE Profit Sweep
Depositions unsealed last month showed that key officials at the GSEs may have known they were about to be profitable in 2012. Now the judge wants to see more.
Read More »Is the Government Being Secretive With Profit Sweep Documents?
A University of Virginia School of Law professor examines the possibility of the government asserting executive privilege by withholding documents related to the GSE Net Worth Sweep.
Read More »Counsel’s Corner: The Battle Over GSE Profits is Raging
What is the outlook for the GSE shareholders' appeal of a lawsuit against the government over the sweep of GSE profits into Treasury that was previously dismissed in the D.C. District Court? Hamish Hume, partner with Boies, Schiller & Flexner, discusses all points of the case.
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