Bove Sees More Support In Icahn’s Fannie Mae, Freddie Mac Purchase

Carl Icahn has joined the bulls on Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), buying 6.8 million shares of Fannie Mae and 5.7 million shares of Freddie Mac from Bruce Berkowitz’s Fairholme Capital Management LLC back in March, adding him to a growing list of hedge fund billionaires who expect the government to eventually return the government sponsored enterprises to private shareholders.

Berkowitz wanted Icahn ‘in the game’: Bove

Icahn paid $4.03 and $4.04 apiece for the Fannie Mae / Federal...