Bruce Berkowitz Amasses $2.4 Billion of Fannie, Freddie Preferreds

Fannie Mae and Freddie Mac are still hot stocks and Bruce Berkowitz is ready to help with increasing shareholder value for himself and others. This was the crux of the latest press release issued by  Fairholme Capital Management. The firm's mutual funds and clients own a bulky $2.4 billion of Federal National Mortgage Association (OTCBB:FNMA) and Federal Home Loan Mortgage Corp (OTCBB:FMCC)'s preferred shares.

Bruce Berkowitz Is On Board:

Bruce Bekrowitz' Fairholme Capital is on board to help with the restructuring of these state owned mortgage giants....