Miami-based Fairholme, with $11 billion in assets under management, owns 17 million shares of Freddie Mac common stock and 52 million shares of the company’s junior preferred stock, Berkowitz said. Fairholme also owns 20 million shares of Fannie Mae common stock and 66 million shares of the company’s junior preferred stock, he said.
Just as those bozos who announce of (allegedly) buying 150 shares today, why would a big hedge funds announce that they have a few million shares of FnF. They desperately want the stock to go up and therefore they can sell short at higher level. Sure, they might #$%$ off a few millions shares just to prop up the stock pps but they are selling much more and bring the stock down as low as they can in the future.
FnF is finished and who knows, perhaps Berkowitz, Wh'Ackman, Gov, and the Bank are in cohort as good cop bad cop so they can suckered in the investors and american taxpayer for their benefit. If I am you, I'd stay away and not in their way. We can't fight them. The House Wins.