AGG Attorney, David A. Felt, was quoted in a Wall Street Journal article entitled “Why Courts—Not Congress—Hold Keys to Fannie, Freddie Investors’ Fate.”
“One of the risks of the White House and Congress having waited so long to address Fannie and Freddie is that the government may ultimately have to pay shareholders,” said David Felt, a lawyer in private practice who headed litigation for the Federal Housing Finance Agency, the firms’ regulator, until 2010. Mr. Felt has advised some of the companies’ current shareholders but isn’t involved in the litigation.
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