Investors’ Harm Theory Not In Line With Trump’s Actions, Treasury Says

Mealey's (May 12, 2023, 10:05 AM EDT) -- ST. LOUIS — A federal district court did not err in rejecting the theory of harm and proposed remedy set forth by plaintiffs in a shareholder action challenging the Federal Housing Finance Agency’s (FHFA) oversight of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac) because both the theory and remedy are not in line with actions taken by former President Donald J. Trump, the U.S. Department of Treasury and Treasury Secretary Janet L. Yellen argue in an appellee brief filed in the Eighth Circuit U.S. Court of Appeals....