Wall Street
14 Aug 15, 2014 6:05 PM EDT
Hedge Fund Billionaire Thinks Fannie Mae Should Be Working for Him
By Matt Levine
"I said this morning that I don't understand Pershing Square's lawsuit against the federal government for taking Fannie and Freddie, and now I've read it and I still don't. It's fine, it's a perfectly serviceable lawsuit, but "Pershing Square's complaint is at least the 20th lawsuit challenging the government's decision to divert Fannie Mae and Freddie Mac profits to the Treasury," and it's not, like, full of pictures of Tim Geithner in compromising positions. I don't know.
There's legal stuff about who had authority to do what when but that's so boring, let's not talk about it.
Instead let's talk about fairness..." Read more >>
