Court denies hedge fund investors in Fannie and Freddie case
(New York Post Business)

A federal appeals court on Tuesday again slapped down hedge fund investors in Fannie Mae and Freddie Mac - all but denying one more opportunity for the wealthy investors to cash in on a long-held investment. The court, in a 2-to-1 ruling, upheld a lower court decision that Uncle Sam did not overstep its authority...