Cutting To The Chase On Corker’s Grudge Against Fannie Mae


IU Member’s Letter To Editor Cuts To The Chase On Corker’s Grudge Against Fannie Mae by Investors Unite

We’ll let this letter to the editor of The Tennessean speak for itself with regard to Sen. Bob Corker’s recent revealing and out-of-bounds comments on CNBC:

To the Editor:

Corker biased on Fannie Mae and Freddie Mac reform

What Value Investors Can Learn From Walter Schloss And Ben Graham Today

Walter SchlossWalter Schloss isn’t a name many investors will have heard today. Schloss was one of the great value investors who trained under Benjamin Graham and specialized in finding cheap stocks. His track record was outstanding. In Warren Buffett’s 1984 essay, the Super Investors of Graham-and-Doddsville, he noted that between 1956 and 1984, Schloss’s firm returned Read More

After watching the interview Sen. Bob Corker, R-Chattanooga, gave to CNBC on Oct. 7, it is obvious that he has lost all objectivity in regards to government-sponsored enterprise (GSE) reform.

Sen. Corker appears to be obsessed with a handful of hedge fund managers that own stock in Fannie Mae and Freddie Mac. Corker’s crusade is to punish a few at the expense of tens of thousands of common shareholders.

To witness a sitting senator call for investors to short sell a stock on national television is mind boggling.

To make matters worse, that same senator also is actively engaged in creating legislation pertaining to those same stocks.

That is at best foolish and at the worst, illegal.

It is abundantly clear that Sen. Corker is allowing his personal grudges to trump the important process of Fannie Mae and Freddie Mac reform.

If Sen. Corker cannot set his personal feelings aside, he should resign his position with the Senate Banking and Finance Committee immediately.

Daniel Hutcheson


More from Investors Unite

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  • Ignoring Rule of Law Imperils Financial System, Former FDIC Chair on IU Member Call
  • More Controversy Over Bob Corker’s CNBC Appearance
  • Sen. Bob Corker says investors should short Fannie and Freddie

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