Bruce Berkowitz’s recent stake increase in preferred shares of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) Mae and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) could be betting on equitable treatment for all shareholders, reports Stephen Gandel, senior editor of Fortune. Bruce Berkowitz Issued A News Release Earlier this month, Bruce Berkowitz’s Fairholme Capital Management LLC issued a news release indicating it owned junior preferred shares of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) with a $2.4 billion face value. Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA)…
Will Berkowitz’s Big Bailout Bet On Fannie Mae & Freddie Mac Fructify?
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports