Bid for Fannie and Freddie mortgage guarantee firms

An investment firm has offered to buy a vital part of the US mortgage industry, currently owned by the US government. Fairholme Capital Management has offered to buy the mortgage guarantee firms Fannie Mae and Freddie Mac in a $52bn deal. via Pocket http://www.bbc.co.uk/news/business-24949362#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa