Elizabeth Warren was originally slatedto head the CFPB. This is the best picture‘Puter could find of her. It’s stunning how closely Sen. Warren resembles her ancestorChief Wahoo, noble mascot of MLB’s totallynot racist Cleveland Indians. Unless you’re in the financial … Continue reading →
Can someone explain to the Czar who the foxtrot puts a charlie foxtrot like Barney Frank in charge of the U.S. House of Representatives Financial Services Committee? Is it the deep commercial banking experience he lacks? Or the investment management … Continue reading →
The solution to the Freddie Mac and Fannie Mae mess is to move all the bad loans off book. Or so thinks the Obama Administration. You see, the problem isn’t that political motivations caused quasi-governmental entities to make (purchase) and … Continue reading →
Freddie Mac’s acting CFO David Kellerman apparently killed himself last night. May God have mercy on his soul, and comfort his family. Mr. Kellerman’s suicide likely resulted from his direct involvement over 16 years in assembling the mortgage portfolio that … Continue reading →
Given this following video, how can we believe that the democrat-led Congress knows how to help the economy? They ignored warnings from the Bush White House repeatedly. They claimed that FreddyMac and FannieMae were not in trouble. So now, we … Continue reading →
‘Puter agrees (mostly) with The OEV’s post below. To clarify ‘Puter’s position a bit, this new-found government focus on elimiation of moral hazard certainly changes the rules of the game, making taxpayers implicit guarantors of private equity’s risks. We all … Continue reading →
Sen. Obama is running ads and preaching that the Fannie Mae / Freddy Mac debacle and subsequent bailouts are due to failed Bush policies. Now, I won’t defend the current administration as being fiscally conservative. In fact, I agree with … Continue reading →
The Wall Street Journal is reporting that the gubbamint is preparing to take over Fannie Mae and Freddie Mac. Hold on to your wallets. Years of mismanagement and borderline fraudulent accounting practices, coupled with an implicit federal guarantee of Fannie … Continue reading →
