Sen. Corker’s “About Face” on GSE’s

1
Sen. Corker’s “About Face” on GSE’s
Fannie Mae

From 2013 ….. Corker-Warner bill “winds down Fannie and Freddie over 5 year period”

Last week….”short the GSE’s”

EXCLUSIVE: KG Funds Shuts Down After 13 Years Of Outperformance

After 13 years at the head of KG Funds, the firm's founder, Ike Kier, has decided to step down and return outside capital to investors. The firm manages around $613 million of assets across its funds and client accounts. According to a copy of the firm's latest investor update, Kier has decided to step down Read More


Finally today……a much more subdued (docile?) Corker talking “reform” and the GSE’s eventually “coming back out into the market” in a “utility” type format

 

Corker has finally come to terms with what we have said all along…..we cannot eliminate the GSE’s. We can’t. No bank in its right mind will lend to an individual person for 30yrs at 4% without the GSE backstop. They just won’t.

Corker actually used the word “utility” to describe his vision of the GSE’s. This is HUGE. Why? It is the same type of reasoning both Ackman and Berkowitz have been using the describe their anticipated function of the GSE’s post conservatorship……

Big progress folks….

Updated on

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 RealMoney.com 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”.
Previous article US vs. Russia: The Only Way To Avoid World War 3
Next article S&P 500 Gains Most In 9+ Months As Institutional Investors Sell

No posts to display