Fannie And Freddie: Everyone Says Read The Statute

Seeking Alpha - December 19, 2014 - December 19, 2014

Seeking Alpha, By David Sims

This week shareholders of Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) were finally granted access to the court room proceedings of several shareholders lawsuits against the Federal Housing Finance Administration and Treasury.

One of the prevailing themes from the Southern District of Iowa court room proceedings was a question asked multiple times by Judge Pratt. He asked both the plaintiff and the defense, “Is this case as simple as read the statute?”

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