Hedge Fund Giant Weighs In On Fannie Mae, Freddie Mac.. AgainMark Melin
From the point they took a significant ownership position in Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), snatching up more than 150 million common and preferred shares, Fairholme Capital Management has been excessively vocal in talking up their position to encourage the US government to loosen up the reins.
“It sounds like the administration has been having some private conversations with members of Congress, but we have yet to understand where that’s heading…The process has been very opaque,” said Dan Schmerin, investment research . . .
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