Posted On: 05/30/2013 5:36:38 AM
Post# of 1629
Re: sevenOdouble #1154
http://video.cnbc.com/gallery/?video=1786618239&play=1
Bill Ackman (Pershing Square): Who are you a fiduciary for? The shareholders?
Clayton Rose (Freddie Mac boardmember): Our fiduciary duties run strictly to the conservator.
Ackman: So you can make decisions that are adverse to shareholders?
Rose: Correct.
Ackman: Yet there is no liability to you?
Rose: Correct.
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