Will 1 Man Be Fannie Mae and Freddie Mac’s Savior?

In the future, Fannie Mae (NASDAQOTCBB: FNMA  ) and Freddie Mac (NASDAQOTCBB: FMCC  ) won't exist – that is if Fairholme Fund's (NASDAQMUTFUND: FAIRX  ) Bruce Berkowitz gets his wish. In this segment of The Motley Fool's financials-focused show, Where the Money Is, financial-sector analysts Matt Koppenheffer and David Hanson discuss what Berkowitz's plan for the entities means for the holders of the preferred and common stock, if it ultimately was accepted.

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  • Report this Comment On November 15, 2013, at 8:56 AM, thombiz wrote:

    There is no good reason for the Fed to be having a fire sale on the insurance portions of Fannie and Freddie. Fairholme's offer is far short of a reasonable fair market value for those assets and their current rate of return. Thanks, but no thanks.

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