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Freddie Mac (FMCC.OB) is preparing to name Donald Layton as its next CEO, sources say. Layton,...

Freddie Mac (FMCC.OB) is preparing to name Donald Layton as its next CEO, sources say. Layton, the former chief executive of E-Trade, would be the mortgage giant's third CEO in four years. An announcement could come as soon as tomorrow.
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Comments (3)
  • DeepValueLover
    , contributor
    Comments (9763) | Send Message
     
    Freddie is hated but it is absolutely RACKING UP profits right now.

     

    They are being killed by mandatory 10% interest payments to the Treasury.

     

    If the Treasury cuts that payment to 5% then the profits can finally drop down to the bottom line and then LOOK OUT ABOVE!!
    9 May 2012, 07:39 AM Reply Like
  • michelodu
    , contributor
    Comments (41) | Send Message
     
    Interesting assessment DVL. What is your timeline for ending conservatorship? Think that the election matters as to whether they are wound down?

     

    Cheers,

     

    Michel
    11 May 2012, 11:58 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    "would be the mortgage giant's third CEO in four years."

     

    Just another well connected one-percenter picking up a quick million.
    9 May 2012, 05:57 PM Reply Like
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