Hedge funds including Paulson & Co. Inc. are pushing Congress to abandon plans to liquidate Fannie Mae (FNMA) and Freddie Mac as investors buy up preferred stock that has long been considered worthless, people with knowledge of the discussions told Bloomberg.
The improving finances of the two government-owned mortgage
companies have kindled hopes among shareholders that they could be revived as
private firms. Paulson & Co. is
among funds that met with members of the Senate Banking Committee and with
staff members in the House of Representatives two of the people briefed on the
matter said…..
More? Check out http://www.bloomberg.com/news/2013-04-30/paulson-leads-hedge-fund-lobby-push-to-privatize-fannie.html
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