(RECAP: Fairholme Capital Management has proposed to buy the insurance businesses of Fannie Mae and Freddie Mac by bringing in $52 billion in new capital, a move that seeks to resolve the uncertain future of the mortgage financiers by freeing them from U.S. government control. Fairholme said its proposal would pave the way for the liquidation of Fannie and Freddie, ending their Federal charters and special status, without losing the value of operating assets critical to the mortgage market.)