U.S. Government Acted Like “Thugs” In Fannie Mae, Freddie Mac

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...