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Michael Burry Says It's “Good News” for Fannie and Freddie
Source: 247wallst.com
Legal & LitigationHousing & Real EstateCompany FundamentalsInvestor Sentiment & Positioning
Michael Burry sold his Fannie Mae and Freddie Mac common shares before a court victory sent them surging, then switched to preferred stock. The article suggests the court-related bounce may benefit common shareholders less than preferred holders, but provides no figures or details on the ruling.
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