Court Rules Investors Can’t Claim Post-Bailout Mortgage Profits

In a ruling Thursday, the Seventh Circuit upheld the Federal Housing Finance Agency’s authority to divert Fannie Mae and Freddie Mac’s future profits to the U.S. Treasury Department as a condition of their $188 billion bailout during the 2008 financial crisis.

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Seventh Circuit Upholds Order Protecting Sanctuary Cities

Citing the need to check the potential “tyranny” of the executive branch, the Seventh Circuit upheld a nationwide preliminary injunction Thursday blocking U.S. Attorney General Jeff Sessions’ attempt to financially punish so-called sanctuary cities for refusing to enforce federal immigration laws.

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