Sorry, again, but there was NO misrepresentation. Please read the warnings in the 2006 offering circulars for the new junior preferred stocks issued. The warnings on risk and a potentially rocky road ahead were clearcut. The other fraudulence claims prior to conservatorship were directed against Fannie Mae and Freddie Mac in class action litigation that was settled in 2014 for $175 M, payable to common and junior shareholders of record.
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