Berkowitz Says Fannie, Freddie Should Retain Earnings (Audio)

Mar. 3 (Bloomberg) — Bruce Berkowitz, Fairholme Capital Management’s chief investment officer, says “the conservatorship of Fannie Mae and Freddie Mac – now in its sixth year – is perpetuating the pre-crisis regulatory and management shortcomings of the companies.” Berkowitz talks with Bloomberg’s Tom Keene and Scarlet Fu on Bloomberg Radio’s “Bloomberg Surveillance.” …read more

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