Ready Freddie? The Smart Money Is Looking - Presented by: The Aol. On Network

Fannie Mae and Freddie Mac. Two names that once were synonymous with failure and debt are suddenly the belles of the ball. In 2008, just as the the financial crisis was erupting, Uncle Sam took over the mortgage giants at nearly $188 billion through a taxpayer paid bailout. Now major investors like Bill Ackman of Pershing Management and Bruce Berkowitz of Fairholme Capital are carving out increasingly bigger stakes.



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