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Now that Fannie Mae (OTCQB:FNMA) and Feddie Mac (OTCQB:FMCC) are profitable, everybody wants a...

Now that Fannie Mae (OTCQB:FNMA) and Feddie Mac (OTCQB:FMCC) are profitable, everybody wants a piece. First it was hedge fund Perry Capital - which has built up a large position in the preferred shares - suing to strike down a bailout amendment which requires the companies send all their profits to the Treasury. Now Fairholme has sued over a similar challenge, and yesterday two nonprofits filed against the FHFA over a decision to suspend payments to two affordable-housing trust funds.

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Federal National Mortgage Association