David Stockman in his recent blog attacks Berkowitz’s Fairholme Capital and his posse of punters for taking turns in bidding up the GSE’s preferreds. The former U.S. politician and businessman in his recent blog at ‘contra corner’ points out after each thundering sell-off during the bust phase, crony capitalist gamblers have been gifted with ill-gotten windfalls during the Fed’s subsequent maniacal money-printing spree. Berkowitz’s attack on GSEs Last week, Bruce Berkowtiz’s Fairholme Fund had sent a letter to the board of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). He indicated the…
David Stockman Attacks Berkowitz Over Fannie Mae, Freddie Mac
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports
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