{"id":8110,"date":"2008-07-15T00:00:00","date_gmt":"2008-07-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"cerberus-snow-compares-fannie-freddie-to-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/cerberus-snow-compares-fannie-freddie-to-hedge-funds.html","title":{"rendered":"Cerberus&#8217; Snow Compares Fannie, Freddie To Hedge Funds"},"content":{"rendered":"<p>FINalternatives- It&rsquo;s not the first time &ldquo;hedge fund&rdquo; has been used as an epithet, but a former U.S. Treasury chief is using the H.F. words to describe mortgage giants Fannie Mae and Freddie Mac.<\/p>\n<p>The two firms, into which Treasury said yesterday it will inject billions of dollars in loans and investments, have been &ldquo;arbitraging their lower borrowing costs that came about because of the implied status as government entities,&rdquo; John Snow, who now serves as chairman of private equity firm Cerberus Capital Management, told <em>Bloomberg News<\/em>.<\/p>\n<p>&ldquo;The business model they were using was really the model of a hedge fund,&rdquo; he added.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.finalternatives.com\/node\/4894\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FINalternatives- It&rsquo;s not the first time &ldquo;hedge fund&rdquo; has been used as an epithet, but a former U.S. Treasury chief is using the H.F. words to describe mortgage giants Fannie Mae and Freddie Mac. The two firms, into which Treasury [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1436,287,1471,1399,1434,338,1439,551,170,149,1470,948],"class_list":["post-8110","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-american-international-group","tag-asyst-technologies-inc","tag-chairman-john","tag-estes","tag-feeder","tag-henry-paulson","tag-loan-sales","tag-mayhem","tag-money-managers","tag-proceeds","tag-specialist-investment","tag-subsidiaries"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8110"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8110\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}