GSE recap advocates should prepare for long game

Increased lobbying efforts to encourage the recapitalisation of government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in the near future are likely to be futile given the political environment in the US.

  • By Sam Kerr
  • 26 Jul 2016
Prominent investors, including Bill Ackman of Pershing Square Capital Management and Carl Icahn of Icahn Enterprises, have both bet big on the government sweep of Fannie's and Freddie’s profits being overturned by lawmakers in the future. A survey earlier this month also found broad public support for ...

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