Bruce Berkowitz's investment firm Fairholme Capital today released a letter to Fannie Mae and Freddie Mac requesting corporate governance actions.
Fairholme owns various preferred securities of both Fannie and Freddie and has asked them to basically preserve the companies' assets while working to rebuild capital. Fairholme also wants the companies to hold annual shareholder meetings and to re-list on the NYSE.
Embedded below is Berkowitz's letter to Fannie and Freddie:
You can download a .pdf copy here.
Monday, March 3, 2014
Bruce Berkowitz's Letter to Fannie Mae & Freddie Mac
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