Ruling in Perry Capital Appeal Shackles Fannie Mae/Freddie Mac Shareholders

One buys stock with an understanding that the rules affecting profit and loss won’t change without warning. The U.S. Court for Appeals, District of Columbia Circuit, apparently believes otherwise. On February 21, the court ruled 2-1 that investors in shares of secondary residential mortgage lenders Fannie Mae and Freddie Mac, …

Trump Asked to Recover $11.4 Billion Lost on General Motors Bailout if Automaker Moves Production to China

Today I asked President Trump to seek repayment from General Motors of the $11.4 billion taxpayers lost on bailing out the company if it persists in moving its production to China, and in strengthening its relationship with the Shanghai Automotive Industry Corporation. According to President Obama, the rationale for the …

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