Replies to post #763053 on Fannie Mae-No Politics (FNMA)

[LuLeVan]

Berkowitz sold his commons to Icahn, but kept his JPS. His Fairholme Fund is plaintiff in the Lamberth trial.

https://finance.yahoo.com/news/carl-icahn-buys-fannie-mae-214725913.html

Three of Icahn's funds in March [2014] purchased the shares from the Fairholme Fund, which is owned by Bruce Berkowitz. The Fairholme Fund sold a total of 6,828,000 shares of Fannie Mae common stock to Icahn on March 11, at a price of $4.03 per share. It also sold 5,742,000 shares of Freddie Mac common stocks on the same date at $4.04 per share.

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Icahn was the bagholder, and paid a price for it: https://www.macroaxis.com/invest/ratio/IEP/Probability-Of-Bankruptcy