![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, June 25, 2013 11:46:45 AM
This is a HUGE deal, actually (this guy tight-lipped 99% of the time, until now apparently!):
"Two years ago, when I publicly predicted that the GSEs could recapitalize themselves if allowed to do so, most analysts scoffed at the notion that they could repay the $188 billion of taxpayer capital. Since then, Fannie and Freddie have already paid back 70% of the Treasury's investment. Despite this, under the terms of their conservatorship the GSEs have no repayment mechanism no matter how profitable they may become. Never mind that the term "conservatorship" implies that the assets are supposed to be conserved to pay back taxpayers and creditors in priority order. (Full disclosure: my fund has positions in the GSEs' preferred and common shares.)
- Michael Kao, founder and CEO of Akanthos Capital Management
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM