David Stockman Attacks Berkowitz Over Fannie Mae, Freddie Mac

David Stockman in his recent blog attacks Berkowitz’s Fairholme Capital and his posse of punters for taking turns in bidding up the GSE’s preferreds.

The former U.S. politician and businessman in his recent blog at ‘contra corner’ points out after each thundering sell-off during the bust phase, crony capitalist gamblers have been gifted with ill-gotten windfalls during the Fed’s subsequent maniacal money-printing spree.

Berkowitz’s attack on GSEs

Last week, Bruce Berkowtiz’s Fairholme Fund had sent a letter to the board of Fannie Mae / Federal National...