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Ackman pitches Fannie and Freddie at Ira Sohn

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Comments (5)
  • divStrong
    , contributor
    Comments (164) | Send Message
     
    Here are some additional highlights from Ackman's presentation @ http://bit.ly/1g3l0f4

     

    "New, private-label Fannie and Freddie’s that have been proposed by regulators would require the GSEs raise up to $500 billion to capitalize them, Ackman says, but taking a swipe at recent Government actions, Ackman says that the history of the government having “stolen” the dividends makes this proposal unlikely."

     

    While our government is certainly no stranger to waste, the idea of 'winding down' two profitable, properly functioning entities to then turn around and re-create a near identical GSE with the same mortgage mandate seems to be a monumental waste of time, talent & treasure and is beyond logic IMO.
    5 May 2014, 04:10 PM Reply Like
  • Paul Cheung
    , contributor
    Comments (18) | Send Message
     
    They are trying to create a bigger bureaucracy to ensure a bigger failure in next housing crisis. That's government, worldwide.

     

    Or, now that Fannie is the most profitable organization in this world, they would like to kick them out to eat their lunch ??
    8 May 2014, 04:48 AM Reply Like
  • Bradgrp61172
    , contributor
    Comments (56) | Send Message
     
    Touche'!!!

     

    Who would put their money at risk, again, with a new GSE after the government has stolen their ownership interest in the current GSEs. Its simply illogical for any legislation to think "private equity" would support a newly created GSE. Its simply absurd!

     

    If Congress wants to ensure that the taxpayer isn't put at risk of bailing out the GSEs in the future, all that needs to be done is to remove the government charter and let the GSEs function totally as publicly-traded corporations.

     

    At least the taxpayer hasn't lost any money on the GSEs as in the case with GM.
    5 May 2014, 04:19 PM Reply Like
  • lord1nelson
    , contributor
    Comments (4) | Send Message
     
    Amen!!!!!!!!
    5 May 2014, 04:26 PM Reply Like
  • Caludio
    , contributor
    Comments (315) | Send Message
     
    Hey Mr Johnson and Mr Crapo
    If you need 500B to capitalize the new experiment , please do not count on me. ha ha ha ... I only have a few grands...and besides I don't like the idea ha ha ha

     

    Don't kill homeownership! Save Fannie Mae.
    5 May 2014, 04:46 PM Reply Like
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