Fairholme, founded by fund manager Bruce Berkowitz, wants the mortgage companies to stop borrowing funds to pay dividends to the U.S. government, preserve its non-cash assets and establish procedures to address conflicts. Fairholme also wants the companies to relist on the New York Stock Exchange and hold annual shareholder meetings saying, "Frankly, it has been a while."
via Business News - Yahoo Finance http://ift.tt/1kr4MCQ
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