Saturday, April 18, 2015 4:03:45 PM
finance expert or (FNMA) armchair stock picker?
John Carney is well-known both on Wall Street and in the financial media, with a presence spanning TV, print, and online.
John began his career in journalism at DealBreaker, the irreverent blog covering the culture and personalities of Wall Street. He went from there to be managing editor of Clusterstock, part of Business Insider. In addition, John has over the years written for the Wall Street Journal, the New York Times, Fortune, and New York magazine, among others.
"Recapitalizing the GSEs is a “bad deal” for taxpayers." Carney
is an expert and there is no arguing this point.
"Fannie Mae and Freddie Mac can’t rebuild capital." Once again
no rebuttal worth mentioning.
"Allowing them to rebuild capital is allowing them to come back to life without addressing the flaws that previously existed"
I am with Carney!
" The sweep protects the taxpayer more than allowing Fannie and Freddie to rebuild capital." Says stock expert.
It might be about time to re-examine (FNMA) position after
this current analysis from a well respected stock expert.
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