On the other side of the fence, the FHFA defended the 2012 changes.
They painted a picture of an imminent danger: Fannie Mae and Freddie Mac, like insatiable creatures, would drain the Treasury’s resources endlessly, forever taking more than they gave.
The amendments, in their eyes, were the only way to break this cycle.
The Legal Minds Behind the Battle
Boies Schiller Flexner LLP, Kessler Topaz Meltzer & Check LLP, Grant & Eisenhofer PA, and Bernstein Litowitz Berger & Grossmann LLP championed the shareholders’ cause.
In the opposing corner, the FHFA sought defense from Arnold & Porter.
Fannie Mae took on the legal prowess of O’Melveny & Myers LLP, while Freddie Mac stood represented by King & Spalding LLP.
