Fannie Mae-No Politics (FNMA)

[955]

Ms Sweeney may side with Fairholme...

The Justice Department, which is defending the US government, has declined to hand over documents belonging to Fannie and Freddie, information related to the government’s assessment of their future profitability or documents concerning its decision to ensure that private shareholders will not have access to Fannie and Freddie’s profits, these people say.

DoJ has argued that Ms Sweeney allowed Fairholme to seek only a limited amount of evidence, instead of a range of topics that the agency deems as inappropriate and irrelevant to the case.

Ms Sweeney has not ruled on the dispute but she recently indicated that she may side with Fairholme, saying she probably has a broader view of her order than DoJ, according to court proceedings.

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