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Fannie and Freddie investors turn to the ‘people’s court’

Financial Times, By Gina Chon

A US court better known for hearing tax refund complaints has become the preferred venue for shareholder lawsuits against the US government over its rescues of AIG, and mortgage finance companies Fannie Mae and Freddie Mac.

Located near the White House and the imposing Treasury Department, one of the agencies often cited in this recent spate of lawsuits – the Court of Federal Claims – is based in a nondescript red-brick building that is easy to miss.

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