Fairholme reports stake in Fannie, Freddie; wants restructuring
June 03, 2013 at 14:14 PM EDT
WASHINGTON, June 3 (Reuters) - Fairholme Capital Management said on Monday that it has acquired a combined $2.4 billion stake in the preferred shares of Fannie Mae and Freddie Mac, making a long-shot bet that the government-controlled mortgage finance firms will be revived as private companies in the future.
