Fairholme Changes The Game For Fannie And Freddie

Law360, New York (November 15, 2013, 4:36 PM EST) -- Fairholme Capital Management LLC's plan to buy Fannie Mae's and Freddie Mac's insurance businesses will likely turn out to be more symbolic gesture than successful deal, experts say, but the hedge fund's bold move could increase interest in privatization of the entities and potentially encourage other bidders to join the fray.

The offer is the first official move by one of the many hedge funds that have stakes in Fannie and Freddie to actually take them over in an effort to capitalize on the companies' growing...
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