tag:blogger.com,1999:blog-9920139.post8587175548899925703..comments2023-06-29T04:59:28.740-07:00Comments on Kirk's Market Thoughts: US Treasury Bailout of GSEsKirk Lindstromhttp://www.blogger.com/profile/08907286927383718834noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9920139.post-45589086014290988172008-09-08T05:46:00.000-07:002008-09-08T05:46:00.000-07:00Former Treasury secretary John Snow and Senator Ch...<B>Former Treasury secretary John Snow and Senator Charles Schumer (D-NY) Joint Economic Committee Chairman</B><BR/><BR/>Former Treasury secretary John Snow said this was preventable. He said he called on congress about 5 years ago to put in a strong regulator. He said “socialization of losses and privatization of gains” is a situation that NEVER works. He said the GSEs became very large hedgeKirk Lindstromhttps://www.blogger.com/profile/08907286927383718834noreply@blogger.comtag:blogger.com,1999:blog-9920139.post-69872802482631007412008-09-08T05:22:00.000-07:002008-09-08T05:22:00.000-07:00LRCX and VRGY are public companies. FRE and FNM w...LRCX and VRGY are public companies. FRE and FNM were/are not the same because they came with an implied government guarantee. It bothered me that insiders were paid a huge salary for administering what I thought was mostly a government program that made a profit. It always seemed odd to me that Wall Street got in on the act by making this a public company where the profits could go to Kirk Lindstromhttps://www.blogger.com/profile/08907286927383718834noreply@blogger.comtag:blogger.com,1999:blog-9920139.post-36685400569007398642008-09-08T01:27:00.000-07:002008-09-08T01:27:00.000-07:00I am surprised that you are so optimistic about th...I am surprised that you are so optimistic about this developement. e.g.that it could result in taxpayer profit, that it will help housing, and that it was a good idea at all to begin with.<BR/> <BR/>It is easy to take the opposite opinion, that this is another case of privatize the profits, socialize the losses. I mean, these were supposedly public companies, owned by shareholders, who had no Duanehttps://www.blogger.com/profile/16153402580228913663noreply@blogger.comtag:blogger.com,1999:blog-9920139.post-86527204841702148502008-09-07T10:03:00.000-07:002008-09-07T10:03:00.000-07:00More infoPaulson Engineers U.S. Takeover of Fannie...<B>More info</B><BR/><BR/><BR/><A HREF="http://www.bloomberg.com/apps/news?pid=20601103&sid=auCiw0BP4Fyk&refer=us" REL="nofollow">Paulson Engineers U.S. Takeover of Fannie, Freddie (Update1)</A><BR/>By Dawn Kopecki and John Brinsley<BR/><BR/>Excerpts: <I> <BR/>Sept. 7 (Bloomberg) -- The U.S. government will take control of Fannie Mae and Freddie Mac after the biggest surge in mortgage defaults inKirk Lindstromhttps://www.blogger.com/profile/08907286927383718834noreply@blogger.com