Why is Ralph Nader cozying up to a bunch of hedge funds?

Washington Post – It’s not often in Washington that you see wealthy, conservative investor types and their lawyers sitting down with professional affordable housing advocates. But on Wednesday morning, anti-corporate crusader Ralph Nader — now stooped and gray, nearing his 80th birthday — brought them together.

Their cause? Saving Fannie Mae and Freddie Mac from obliteration. It’s a herculean effort. Democrats and Republicans don’t agree on much these days, but a broad consensus — from Rep. Jeb Hensarling to the White House — has coalesced around the conclusion that the now-hated housing finance agencies need to be junked, and something else built in their place.

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