Shareholders of Fannie Mae Going to Court to Grab Profits

Bill Ackerman, the same investor who is suing Herbalife, is now suing Fannie Mae. He claims that the profits belong to the shareholders who owned the insolvent Fannie Mae in 2008. The government has been taking most of the profits and using them to pay the treasury a 10% dividend.

Jaosn Brooks has written about the Fannie Mae vs. Ackerman lawsuit on checkrates.com