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Blackstone, Paulson Back New Proposal For Fannie, Freddie Privatization

by therealdeal.com posted 1year ago 358 views
An investor group including hedge fund Paulson & Co. and the Blackstone Group wants to turn Fannie Mae and Freddie Mac back into private companies without having to pass any new laws. The two firms paid for a proposal by investment bank Moelis & Co. that would allow the two mortgage insurers to create between $155 billion and $180 billion in capital reserves before the government sells of its stakes to private bidders. The proposal […]