BLOOMBERG Charlie Rose September 18, 2015
Manhany mclean and bill ack from Pershing Square management. Give me a primer. Bethany they were formed by congress in the wake of the global crisis. The one thing that we might figure out to do with these two companies, what might make more sense. But instead, here he arson years later, the companies are still in conservatorship. Theyre supported by lines of credit from the government. We have done nothing. Even more frightening, the companies have gotten bigger. They have over 5 trillion of debt backed by home mortgages. And thanks to a decision by the government, they have no capital to bac...