Malkiel

Fannie, Freddie Bailout To Wipe Out Equity Holders?

If I were a significant shareholder in either of these companies I would be preparing a fight to force the chair and boards of these companies to reject bailout--after all, why accept saving the company at the expense of one's own investment? Tell Paulson to screw himself and see who blinks first when you threaten to burn down the company rather than give it away...