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June 4, 2014

Fairholme, Perry Lawyers File Motion to Vacate ‘Illegal’ GSE Profit Sweep

By Charles Wisniowski

Treasury and the FHFA not only acted “arbitrarily and capriciously” in executing the Third Amendment to the Preferred Stock Purchase Agreements with the GSEs, the agencies ignored “salient data,” including Fannie’s and Freddie’s tens of billions of dollars in deferred tax assets.

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