Bets on Fannie and Freddie Get Help From Lobbyists

Wall Street Journal, May 12, 2016–Light, Joe

Hedge funds that have bet hundreds of millions of dollars on Fannie Mae and Freddie Mac’s stock aren’t just leaving the fate of their investment to Wall Street. A group of hedge funds, including Paulson & Co. and Perry Capital LLC, is helping to finance a lobbying campaign to lift government controls on what happens with the mortgage giants’ profits.