Fannie and Freddie Get Some Good NewsThe mortgage giants have seen their largest profits in ten years. Plus, who buys a friend a $3 million apartment, and who wants a truck depot in Soho?
Ashley Alexandra Dupré Drops Suit Against ‘Girls Gone Wild’Technically, the famous call girl is forced to admit, she exploited herself. Plus! Boutique hotels in Brooklyn are fighting, NBC gets a bargain on the Weather Channel, and we all may all end up paying for the Fed bailout of Bear Stearns, in our daily roundup of law, real estate, media and finance news.
Finance Types Split Over Hillary and RomneyFINANCE
• Wall Street hopes Hillary has a super Super Tuesday, but private equity is standing by one of its own. Fourth-quarter campaign-financing reports show Senator Clinton taking in the lion’s share of donations from the Street’s top ten financial firms. Meanwhile, Bain Capital co-founder Mitt Romney is still tops among the PE crowd. [NYT/Dealbook]
• So, what’s it gonna be, boy? Stuck between Microsoft’s rock and Google’s hard place, Yahoo! CEO Jerry Yang has limited options for saving his company at his disposal. [NYP]
• If you believe the latest hype, Citadel is paving the way for an IPO after all. Ken Griffin’s asset-management firm has split its proprietary hedge-fund business from its client-based options-making business. “Legally, it makes it cleaner,” said Josh Galper in an interview. [Bloomberg]