experts are really not experts




so they said this is the way.......
Location: Wall Street, New York, NY, USA

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he has other vested interest he is conected so he is diffrent

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if  fanny is reformed as per government wishes he stand to gain by his wells fargo -so he goes.....Hew had the first call on many such crisis like Goldmans  preferred etc  he is not only connected via his moodys he get first all opportunity unlike us  1 Billionaire Weighs in Again on Fannie Mae and Freddie Mac By  Patrick Morris  |  More Articles   May 23, 2014  |  Comments (6) Warren Buffett at  Berkshire Hathaway   has once again provided a  unique and critical  insight into what he believes is best for government-sponsored mortgage enterprises  Fannie Mae   ( NASDAQOTCBB:  FNMA     )  and  Freddie Mac    ( NASDAQOTCBB:  FMCC     ) .  At the latest Berkshire Hathaway annual meeting, Buffett and longtime business partner Charlie Munger continued their tradition of conducting a question and answer session lasting more than six hours....
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Case for Fannie and Freddie

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Here Are All 111 Slides Ackman’s Using to Make His Case for Fannie, Freddie ARTICLE COMMENTS BILL ACKMAN FANNIE MAE FREDDIE MAC PERSHING SQUARE SOHN INVESTMENT CONFERENCE WILLIAM ACKMAN smaller Larger facebook twitter google plus linked in Email Print By   DAVID BENOIT   CONNECT Bill Ackman at the Sohn Investment Conference Monday.   Bloomberg News Hedge-fund manager  Bill Ackman brought new attention to his bullish bet on housing firms  Fannie Mae FNMA   +3.17% and  Freddie Mac FMCC   -0.95%  at a presentation at the closely watched Sohn Investment Conference in New York Monday. The two mortgage giants, who both trade over the counter at around $4, are worth $23 on a conservative basis, he said, and could be worth as much as $47. The comments by Mr. Ackman, of Pershing Square Capital Management, marked the first time he specifically laid out his...
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TAKEAWAYS  ON FANNIE,  FREDDIE EARNINGS Mortgage giants Fannie Mae and Freddie Mac are sending $10.2 billion to the U.S. Treasury after reporting combined first-quarter profits of $9.3 billion. But Thursday’s earnings reports hinted at a possible cooling off in the profits of both companies, which have benefited from large one-time gains over the past several quarters. They also suggested a modestly softer housing demand. Here are five takeaways: 8 MAY 2014 6:17PM BY   NICK TIMIRAOS   CONNECT 1 BIG ONE TIME GAINS Share on Twitter Fannie reported pre-tax income of $7.9 billion, of which $4.1 billion came in legal settlements that aren’t likely to be repeated. Freddie reported pre-tax income of $5.8 billion, with $4.9 billion in legal settlements. In recent quarters, the companies have also benefited from a big rebound in home prices. The rebound has allowed them to release reserves as expected losses failed to materialize and to re...
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