tag:blogger.com,1999:blog-940142538364421402.post8673433772689585726..comments2024-03-02T02:30:55.592-08:00Comments on Bill Maloni's GSE Blog: Obama Should Have Named Volcker Treasury Secretary…..Bill Malonihttp://www.blogger.com/profile/17459277100798719104noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-940142538364421402.post-58583775458430846852009-11-12T21:46:09.048-08:002009-11-12T21:46:09.048-08:00Never bet against Warren Buffett,
When I was stil...Never bet against Warren Buffett,<br /><br />When I was still at Fannie, in one of his annual reports he wrote that the biggest mistake he made--until that point--was unloading a billion dollars of Fannie stock, when it still had plenty of room to grow and did.<br /><br />But, he and Munger made/make too much money to ignore what they do and say.<br /><br />As noted in my blog and elsewhere, there has been a lot of interest in both F&F preferred, but not either company's common, which might be why BH sees it as a "buy."<br /><br />Just one quick personal analytic note. While serious investors always should be concerned about a company's debt load, if F&F got the Obama's Administration green light for some type of political/market resurrection, what they owe Treasury would be spread out over years and that 10% borrowing rate reduced.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-67939687407314822592009-11-12T18:53:27.185-08:002009-11-12T18:53:27.185-08:00As you pointed out both GSEs have posted over 120 ...As you pointed out both GSEs have posted over 120 billion dollars in losses and are asking the US government for more money to remain solvent. Treasury their truly conservator (not FHFA) is transfering loses from banks and other financial institutions instead of restoring the GSEs to financial health. Yet Berkshire Hathaway is interested in Fannie Mae's stock....currently priced at one dollar. Is this a good investment? or part of a complex agenda?<br />-Blue AgentAnonymousnoreply@blogger.com