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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Stormy Daniels Demands Treasury Info on ‘Suspicious’ Hush Payment

The lawyer representing adult film star Stormy Daniels asked the U.S Treasury Department Tuesday to share its suspicious activity report regarding an “illicit and shadowy” payment made to Daniels as part of a nondisclosure agreement over her alleged affair with President Donald Trump. 

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Fannie Mae Shareholders Lose Another Fight Over Post-Bailout Mortgage Profits

A federal judge in Delaware dismissed a shareholder action challenging the Federal Housing Finance Agency’s authority to divert Fannie Mae and Freddie Mac’s future profits to the U.S. Treasury as a condition of the mortgage giants’ $188 billion bailout during the 2008 financial crisis.

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Trump Taps Investor, Cubs Owner for Commerce

Announcing Wednesday that investor Wilbur Ross will serve as his commerce secretary, President-elect Donald Trump also tapped co-owner of the Chicago Cubs as deputy commerce secretary and a former Goldman Sachs executive as treasury secretary.

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