Fannie Mae-No Politics (FNMA)

[vincen71]

Berkowitz planning new big bets as Fairholme reopens
11:26 AM ET · FNMA.OB

Last week's reopening of the Fairholme Fund just months after it was closed to new investors suggests Bruce Berkowitz has some big investment ideas today that he didn't have earlier this year. At the top of the possibilities list would be a doubling-down of his investments in Fannie Mae (FNMA.OB -3.5%) and Freddie Mac (FMCC.OB -3.4%). The preferred stock of the two make up more than 5% of Fairholme's current holdings.
Fairholme is among those suing to challenge Treasury's taking all of the GSE's profits.