Economics, Videos

Berkowitz Says Fannie-Freddie Legal Fight Could Take 10 Years

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Bruce Berkowitz, founder and chief investment officer of Fairholme Capital Management, explains his value-based, contrarian approach and the reasons he still owns shares of Sears, Fannie Mae, and Freddie Mac after several years of underperformance by his Fairholme Fund. He speaks with Erik Schatzker in New York. (Source: Bloomberg)

“From beginning to end, it could be a 10-year process,” Berkowitz, said Bruce Berkowitz to BBG. Full interview video embed below

net worth sweep Fannie Mae Freddie Mac
By User:AgnosticPreachersKid (Own work) [CC BY-SA 3.0], via Wikimedia Commons