In the U.S. Senate Banking Committee's new legislative framework to wind down Fannie Mae and Freddie Mac, the leaders will not determine whether their investors can share in the companies' renewed ... more 
In the U.S. Senate Banking Committee's new legislative framework to wind down Fannie Mae and Freddie Mac, the leaders will not determine whether their investors can share in the companies' renewed profitability. That's according to the panel's top Republican, Idaho Senator Mike Crapo, who spoke with Bloomberg on Thursday in a televised interview. Private shareholders, including Perry Capital and Fairholme Capital Management, had sued the government over Fannie and Freddie's bailout terms. Crapo told Bloomberg Television: "They have filed suit right now, in order to challenge the way that the current conservatorship is managing the current profitability of Fannie Mae and Freddie Mac." less 
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Thu, Mar 13, 2014 7:03 PM EDT