Wednesday, September 4, 2013
Berkowitz: Feds Should Honor Junior Preferred Equity Contracts for Fannie Mae and Freddie Mac
David Faber of CNBC interviews Bruce Berkowitz of Fairholme Capital Capital Management on September 4, 2013.
This week marks the 5-year anniversary of the U.S Government placing Fannie Mae and Freddie Mac into conservatorship. Bruce Berkowitz, Fairholme Capital Management, reveals why he believes the government should release Fannie Mae and Freddie Mac from conservatorship and restore the rights of junior preferred shareholders.