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Stock Market & Financial Investment News

News Breaks
August 15, 2014
07:44 EDTFMCC, FNMAAckman sues government over Fannie, Freddie, Reuters reports
Bill Ackman's hedge fund, Pershing Square Capital Management, has filed a complaint with the U.S. Court of Federal Claims in Washington alleging that the government's funneling of Fannie Mae's (FNMA) and Freddie Mac's (FMCC) profit to the Treasury has been illegal and has made the companies' common shareholders "'shareholders' in name only," reported Reuters. Reference Link
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