Freddie Mac-No Politics (FMCC)

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Fairholme proposes $52B recap for GSEs: WSJ
09:00 PM ET · FNMA

Fairholme Capital Management offers to spearhead a move by a consortium of investors aimed at "purchasing, recapitalizing, and operating the mortgage-guarantee businesses" of Fannie Mae (FNMA) and Freddie Mac (FMCC) as state-regulated bond insurers, WSJ says.
The offer was reportedly outlined by Bruce Berkowitz in a letter sent Wednesday evening to federal regulators.
Earlier: Hedge funds pitch takeover of Frannie