Shareholders who lost money following Fannie Mae’s accounting scandal may not include investment house Goldman, Sachs & Co in a securities fraud lawsuit against the mortgage giant, a federal judge said Tuesday.

U.S. District Judge Richard J. Leon dismissed all allegations against Goldman Sachs. Shareholders of Fannie Mae had accused Goldman Sachs of arranging deals that allowed Fannie Mae to shift more than $107 million in earnings into future years without properly informing investors.

Fannie Mae buys mortgage loans from lenders, packages the loans and sells them as mortgage-backed bonds. Regulators accused the agency in 2004 of serious accounting problems and ordered it to restate earnings back to 2001. Read more

Original post by The Associated Press

On Mother’s Day, we celebrate the special people in our lives. There are a number of ways you can show someone you love how much you care. via Tribune-Star

Original post by Tribune-Star

“What’s most unique about this fund is the complete flexibility we have to go wherever there is value on both the equity and the fixed income side. We are not constrained by any index and we have all the tools we need to control risk.”

Goodman & Company, Investment Counsel Ltd. today launched Dynamic Global Value Balanced Fund, a balanced fund offering global diversification to help Canadians access the best stocks and most attractive bonds … via Investment Executive

Original post by Investment Executive

“There’s a depreciation bias in the dollar.”

Investors are dumping dollars, lured by higher returns elsewhere. The US will grow more slowly than Europe for the first time since 2001 and Japan for the first time in 16 years, the IMF forecasts. via Gulf Times

Original post by Gulf Times

Among the companies whose shares are expected to see active trading in Tuesday’s session are Cisco Systems Inc. via Fox News

Original post by Fox News