Franklin investment manager Tim Pagliara is going to bat for investors in mortgage giants Fannie Mae and Freddie Mac, which completely overhauled their dividend policies in August 2012 when the federal government placed them in conservatorship. Pagliari, who runs CapWealth Advisors, is looking to build a coalition that can influence how the next wave of Fannie Mae and Freddie Mac reforms will unfold.
"I'm hearing from scores of outraged people invested in Fannie and Freddie who are incredulous at the way in which the US Government side-stepped the rule of law to seize legitimate investments and profit," said Tim Pagliara. "Many are ready to take action. Some will be in Washington, D.C., next week to meet with legislators like those on the Senate Banking Committee who think they might be able to dismiss investor rights and the rule of law as they rally behind the Crapo-Johnson bill.
The activism is nothing new for Pagliara, who two years ago launched a push to raise awareness of the rising national debt.