The battle over Fannie Mae and Freddie Mac continues, but a new court hearing has prompted an upgrade on the GSEs’ shares from bank analyst Dick Bove of Odeon Capital. He now rates the preferred shares of both government-sponsored enterprises at Buy, while he rates their common shares at Hold. Q3 2019 hedge fund letters, conferences and more “Thugs in a mob” In a note today, Bove highlighted a hearing in front of Federal Claims Court Judge Margaret Sweeney on Tuesday. The hearings focused on the Federal Housing Finance Agency’s creation of a third amendment for its senior preferred shares…
U.S. Government Acted Like “Thugs” In Fannie Mae, Freddie Mac
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
