{"id":36605,"date":"2013-07-08T10:29:25","date_gmt":"2013-07-08T14:29:25","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36605"},"modified":"2013-07-08T12:25:44","modified_gmt":"2013-07-08T16:25:44","slug":"hedge-fund-sues-government-over-fannie-freddie-bailout","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2013\/hedge-fund-sues-government-over-fannie-freddie-bailout.html","title":{"rendered":"Hedge Fund Sues Government Over Fannie &#038; Freddie Bailout"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/freddie_mac_fannie_mae_3.03.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-35172\" alt=\"freddie_mac_fannie_mae_3.03\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/freddie_mac_fannie_mae_3.03.jpg\" width=\"240\" height=\"192\" \/><\/a>New York (HedgeCo.Net) &#8211; Hedge fund Perry Capital is suing the federal\u00a0government for allegedly seizing the profits of mortgage finance giants Fannie Mae and Freddie Mac illegally, WSJ reports.<\/p>\n<p>The lawsuit alleges that &#8220;The Treasury Department and the Federal Housing Finance Agency violated a 2008 law that placed Fannie and Freddie into conservatorship to prevent them from bankruptcy.&#8221;<\/p>\n<p>The hedge fund is a stakeholder, according to Perry&#8217;s lawyers, although they\u00a0haven&#8217;t disclosed just how many Fannie &amp; Freddie shares they own.<\/p>\n<p>&#8220;This lawsuit seeks to uphold the rule of law,&#8221; Theodore Olson, the lawyer representing Perry Capital, said. &#8220;If the government wanted to assume the powers of receivership, it could have chosen that course. Instead it chose conservatorship, and with the &#8216;sweep amendment,&#8217; it overreached.&#8221;<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Hedge fund Perry Capital is suing the federal\u00a0government for allegedly seizing the profits of mortgage finance giants Fannie Mae and Freddie Mac illegally, WSJ reports. The lawsuit alleges that &#8220;The Treasury Department and the Federal Housing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,3],"tags":[],"class_list":["post-36605","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36605"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36605\/revisions"}],"predecessor-version":[{"id":36608,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36605\/revisions\/36608"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}