Fannie Mae: Who Doesn’t Have Access To Protected Information?

Fannie Mae: Who Doesn’t Have Access To Protected Information? by Todd Sullivan, ValuePlays

Peter Chapman has been kind enough to update this chart for us. I think it is pretty obvious why we are hearing the chorus grow louder from various corners (even al Sharpton weighed in today) to release Fannie Mae and Freddie Mac from conservatorship. What this growing list of people have seen in these documents paints a far different picture that what the government would have you believe.

Additionally, we are seeing the conversation on Fannie Mae and Freddie Mac’s changed from a “fiscally responsible” one the a “class” one.  The GSE’s have gone from the “poster child” for the housing bubble to the best change for the poor and minorities to own a home. That switch, makes a vote to do anything with them other than keep them a vote against minority/poor homeownership.  NOT a vote someone makes in an election year

Fannie Mae: Individuals With Access To Protected Information In Fairholme v. U.S., Case No. 13-465C

I’ve maintained the administration can make an election year splash by releasing them from conservatorship. He can:

1- make the taxpayers billions

2- make shareholders whole

3- stop what will be an embarrassing litigation

4- boast of the effectiveness of government action

There are probably more that those are what I’ve been saying……

Fannie Mae: Who Doesn't Have Access To Protected Information?

About the Author

Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.