Why Shareholders Still Won’t Get Any Fannie
Fannie Mae and Freddie Mac seem to have recovered nicely since the government bailed the insurers out, but shareholders may not be given a chance to share in the wealth, as reported by Nasdaq.com. Fannie More...
Bruce Berkowitz Gets Some Fannie
Bruce Berkowitz got some more Fannie Mae, 1.8 million shares worth, and also loaded up on Freddie Mac to the tune of 3.1 million shares for his firm Fairholme Management, between August 31 and November More...
John Paulson’s Portfolio May Recover with Healthcare Holdings
John Paulson, who made a winning bet against sub-prime mortgages prior to the housing crisis, didn’t have much luck in 2014, which was the second worst year of his career, as reported by Bloomberg. More...
Freddie Mac, Fannie Mae Shares Could Face Distress, Despite Bill Ackman’s Push
The volatile shares of Fannie Mae and Freddie Mac may face another legal shock, the Wall Street Journal said. In September, a federal court dismissed lawsuits brought by Fairholme Funds and Perry Capital over More...
Bill Ackman Gets Behind Fannie
Bill Ackman of Pershing Square is just wild about Fannie, and is buying shares of Fannie Mae and Freddie Mac even as other investors exit the stock. Ackman, along with other hedge fund managers, filed a lawsuit More...
Bill Ackman Drops One Fannie Mae Suit, Move Probably only Temporary
Bill Ackman’s Pershing Square Capital Management filed a notice of voluntary dismissal for its Fannie Mae lawsuit in DC District Court last Friday, while another Ackman lawsuit, in the Court of Federal Claims, More...
Fannie and Freddie Are Back, But So Is Bill Ackman
Shares of Fannie Mae and Freddie Mac tumbled dramatically after Judge Royce Lamberth tossed out lawsuits file by hedge fund managers Bill Ackman, Richard Perry and others that the government did not give shareholders More...
Hedge Funds Fall in Autumn
– Because of fears of a slowing global economy, stock market volatility and a decision concerning Fannie Mae and Freddie Mac that took a heavy toll on many fund managers, hedge funds had a sluggish More...
David Tepper Regrets Getting Some Fannie
David Tepper of Appaloosa management told Bloomberg he regrets having any Fannie Mae or Freddie Mac after the latest fiasco of dismissed lawsuits, but the saving grace (for him) is his holdings of the two More...
Litigation-Frenzied Bill Ackman Now Suing US Government
Bill Ackman is on the attack again, and this time, the target is the U.S. government. We thought Herbalife (HLF) was worried with Bill Ackman’s constant onslaught against the company in attempts to “prove” More...