Freddie Mac (FMCC)

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Plaintiff Joshua J. Angel is a resident of New York, and owns Junior Preferred Shares of both Fannie Mae and Freddie Mac in amount in excess of $1 million face amount.

Plaintiffs have directed claims under the Tucker Act that are worth more than $55 billion. Plaintiff’s claims emanate from Treasury Agency unauthorized taking for itself of approximately $20 billion of Fannie Mae and Freddie Mac funds which by law should have remained with the companies, and Treasury breach of its contractual guaranty of GSE Junior Preferred share payments, and concurrently rendering $33 billion of Junior Preferred shares (i.e., par value) as permanently impaired and otherwise immediately redeemable as damages, at either termination of this action, or the conservatorship.