Yeah - ummm, no, not a chance in H3LL this will go anywhere! They can't agree on the simplest of things, like keeping student loan interest low, how could they possibly agree on something that could crash the entire economy. Fannie Mae is going to become the new third rail of politics.
Politicians in DC don't agree on anything these days, so I wouldn't buy into the idea that 3 senators can get the votes to do anything to F&F.
Some on the Bearish side are betting the farm on this gang of three; overlooking the important detail of intense lobbying by hedge funds with tons of money to buy votes to ensure, F&F's return to the public sector.
Mr. Berkowitz would not just throw down $2.4 Billion so cavalierly, if he wasn't sure that a backroom deal was in the works down the road.
I've learned that it doesn't take a whole lot of brains to make money in the Stock Market, you just need to find out where the smart money is going, and simply follow it.
Therefore, I would look at the Bloomberg reporting on this subject, as just noise and a diversionary tactic.
Keep your eyes on the "smart money" my friends, or you will get sidetrack, off a wining play and fall prey to background noise.
Pal, that news is #$%$ OLD AS #$%$. I read that when it was heading to $5. FAIRHOLME just spent 2.4 billion on Fannie and Freddie. And 240million is for COMMON SHARES. GRAB YOUR P3NIS and GO TO FKEN BED