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Investor makes big bet on Fannie, Freddie

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Mortgage Professional America | 18 Nov 2013, 07:17 AM Agree 0
Investor Bill Ackman's Pershing Square hedge fund has purchased a nearly 10% stake in both Fannie and Freddie. But with the government insisting on burying the companies, is it a sucker's bet?
  • Bayview Mortgage Inc | | 18 Nov 2013, 01:55 PM Agree 0
    If Bill bought it. its time to cut your losses and get out of dodge. Im surprised the government is even allowing the stock to trade. Receivership is bankruptcy. You would think the lawfirm in charge would be at fault for allowing the stock to go on. As a tax payer. I would never vote for a private company to buy Fannie or freddie. unless it is dollar for dollar and all cash.
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