Thursday, 28 August 2014
Last updated 12 hours ago
May 16 2014 | 10:21am ET
Plans to shut down Fannie Mae and Freddie Mac—plans strongly opposed by their hedge fund shareholders—moved forward yesterday, but seems unlikely to go any further this year.
The Senate Banking Committee yesterday approved a measure that would wind the two government-backed mortgage giants down and replace them with a system of privately-financed mortgage insurers. But it did so with the support of only half the Democrats on the panel, making it unlikely that it will face a floor vote before the November elections.
And that makes it more likely that Fannie and Freddie will be restructured, rather than disposed of—a resolution pushed by Fairholme Capital Management and Pershing Square Capital Management.
During the financial crisis, the federal government took over Fannie and Freddie, providing the firms with $188 billion in bailout funds. That has led congressional leaders of both parties as well as the White House to favor their replacement with a system that puts fewer taxpayer dollars at risk.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...