✉news BusinessReal Estate first seen 1 d ago, last 1 d ago, peak #7
Michael Burry Shifts Fannie Mae, Freddie Mac Stakes Into Preferred Shares
Original: Why Michael Burry Is Swapping Fannie Mae, Freddie Mac Common Stock For Preferred Shares
Investor Michael Burry, known for predicting the 2008 housing crash, has moved his positions in mortgage giants Fannie Mae and Freddie Mac from common stock into preferred shares. The reported swap suggests he sees more value and downside protection in the preferred securities, which rank higher if the companies face restructuring or government-driven changes to their status.
Why now: Burry's 2008 reputation makes any change to his positions in the government-controlled mortgage giants noteworthy for markets watching their privatization prospects.
Michael BurryFannie MaeFreddie Mac
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Evidence
- Why Michael Burry Is Swapping Fannie Mae, Freddie Mac Common Stock For Preferred Shares · TradingView
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