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Bitcoin, Fannie-Freddie and Hertz: Investments in the Spotlight

Bloomberg Wealth reviews assets that made a splash this week.

Hertz Gets Lenders' Forbearance In Bid To Avert Bankruptcy
Photographer: David Paul Morris/Bloomberg

The U.S. Supreme Court dealt a blow to Fannie Mae and Freddie Mac investors on Wednesday, throwing out their claim that the federal government exceeded its authority by collecting more than $100 billion in profits from the government-sponsored enterprises. Shares of both tumbled more than 30% on the news.

The decision is a setback for firms that have sought for years to persuade the government to release Fannie and Freddie from government control.