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clipped from www.eubankers.net
Hedge fund manager offers plan for Fannie, Freddie

Hedge fund manager William Ackman laid out a plan on Tuesday to restructure mortgage finance companies Fannie Mae and Freddie Mac as more investors expressed doubts about the government's proposal to prop up the battered institutions.

Ackman, who runs New York based hedge fund Pershing Square Capital and is known for betting big against bond insurers, said his plan would effectively recapitalize the two companies, leaving them with a healthier mix of equity and debt.

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Styles (Advanced)
By default, Clipmarks uses inline styles to format content in your blog post. If you would like to prevent this styling and customize the css rules yourself, select this option and copy this stylesheet into your blog template.