Famed Bear Michael Burry Is Bullish on Fannie and Freddie

Michael Burry, the money manager made famous in , says he holds sizable positions in both Fannie Mae and Freddie Mac common stock and believes a re-listing of the US housing-finance giants is “nearly upon us.” In a 6,000-word blog post on Monday, Burry outlined why he’s now bullish on the government-sponsored enterprises, the political and regulatory hurdles that stand in the way of a public offering, and the steps he says Washington must take before the pair can stage a comeback on Wall Street. Most Rea ...