Fannie Mae, Freddie Mac Should Return To Investors: Berkowitz

Fairholme Capital Management founder is looking to have profits from Fannie Mae – Federal National Mortgage Association (OTCBB:FNMA) returned to its shareholders. Bruce Berkowitz is a holder of Fannie Mae preferred shares. With the government reaping a $60 billion dividend from the lender this year, and the five-year anniversary of the bailout marked this week, Berkowitz thinks now is the time to return control of the company to shareholders. Berkowitz fund is suing the government in order to reverse a 2012 decision that took dividends from Fannie Mae away from its public shareholders and sent the company’s profits directly to…