Great news for GSE investors due to the Treasury Secretary Mnuchin’s discussion on the GSEs at the WSJ CEO Council
twitter’s highlights
- On Fannie and Freddie, “We’ll be looking at the entire housing sector and we are determined not to leave them as-is for the next three years,” Mnuchin says.
- Mnuchin: “We do want to preserve the 30-year mortgage.. and we don’t want to put taxpayers at risk.” Those are the two starting points on GSE reform.
- : “Conservative economists have said the GSEs are fundamentally market distorters and they should be done away with. Would you go that far?” Mnuchin: NO. I wouldn’t.
- Mnuchin: “This is something we are absolutely committed to fix. I’ve been around these (GSEs) for 30 years. GSEs are a major priority of mine next year. We are determined not to leave them this way for the next 3 years.”
watch the video, 30:00 ~33:00 minute mark, he talks about GSEs.
About Timeless Investor
My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.
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Breaking news on Treasury Secretary Mnuchin’s discussion on the GSEs at the WSJ CEO Council
Great news for GSE investors due to the Treasury Secretary Mnuchin’s discussion on the GSEs at the WSJ CEO Council
twitter’s highlights
#WSJCEOCouncil#WSJCEOCouncil@gerardtbaker: “Conservative economists have said the GSEs are fundamentally market distorters and they should be done away with. Would you go that far?” Mnuchin: NO. I wouldn’t.#FannieGate$FNMA#WSJCEOCouncil#FannieGate FNMAwatch the video, 30:00 ~33:00 minute mark, he talks about GSEs.
About Timeless Investor
My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.