Fannie and Freddie Investor Blackstone Also Sought Advisory Role

NEW YORK (TheStreet) -- The Blackstone Group 's involvement with Fannie Mae and Freddie Mac  appears deeper than previously known. Blackstone sought to advise the Treasury Department on what to do with its controlling stake in the two government-sponsored home-loan companies in 2011, according to pitch documents provided to TheStreet by a public relations firm representing Investors Unite, a group of Fannie and Freddie shareholders. This information, which hasn't been previously reported, is n...