fbpx

CASE ENTRY

Jacobs v. Federal Housing Finance Agency

Are we finally going to get some unlawful quartering law? Nope, the “Third Amendment” in this case refers to the agreement forcing Fannie Mae and Freddie Mac to give all of their profits to the feds in exchange for keeping them solvent during the 2008 financial crisis. Fannie and Freddie investors: Really seems like we shouldn’t still be surrendering all of our dividends. Well, it’s legal, says the Third Circuit.


Tags: 2018, Corporate Law, Third Circuit, Treasury

Sign up to receive IJ's biweekly digital magazine, Liberty & Law along with breaking updates about our fight to protect the rights of all Americans.

JOIN THE FIGHT!