Nader Seeks Fannie Mae Value in Push Aiding Hedge Funds
Consumer activist Ralph Nader and a free-market group whose funders include billionaires Charles and David Koch are part of a growing crowd urging the Senate to preserve value for investors in Fannie Mae and Freddie Mac.
“As the housing-finance reform debate heats up on Capitol Hill, it is of the utmost importance that the voices of shareholders — which have, until now, been ignored — be heard,” Nader, 80, said in a statement he released today as a delegation of individual stockholders from 20 states prepared to visit lawmakers. The five-time presidential candidate said he owns about 50,000 of each company’s shares himself.