Bruce Berkowitz’s Fairholme Funds has been at the front of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) shareholder’s legal fight against the US Treasury’s profit sweep, with a court case that looks like it’s set to grind on for quite a while. But Berkowitz struck a surprisingly positive tone in his recent interview with Consuelo Mack on WealthTrack, predicting that the government and private shareholders would eventually reach a ‘win-win’ agreement that would make everyone happy.
“There’s a winning solution for every constituency in Fannie Mae and Freddie Mac,” says Berkowitz.
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