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Pershing Square Sues U.S. Over $131B In Fannie, Freddie Profits

By Kat Greene (August 14, 2014, 8:57 PM EDT) -- Led by Pershing Square Capital Management LLC, shareholders in Fannie Mae and Freddie Mac lodged a complaint in the Court of Federal Claims alleging the government wrongfully stripped shareholders in the two mortgage finance companies of profits, taking $131 billion more than it was owed, according to papers filed Wednesday....

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