Failed FREDDIEMAC bureaucrat John Koskinen MT @thehill Obama to nominate corporate turnaround specialist 4 IRS chiefhttp://j.mp/16bzO76
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@michellemalkin Well, Freddie Mac is now pumping out enormous profits http://www.reuters.com/article/2013/05/08/us-usa-freddiemac-earnings-idUSBRE9470I120130508 … -
@StevenTDennis "Profits" guaranteed by UST, exempt from Dodd-Frank & propped up by FedReserve. http://www.aei.org/article/economics/financial-services/housing-finance/an-american-housing-finance-dilemma-what-to-do-with-fannie-mae-and-freddie-mac/ … -
@michellemalkin Yes, but still profits. You called Koskinen "failed." What was he supposed to do differently? -
@StevenTDennis "Turnaround specialist" suggests success w/turning AWAY from failure, instead of digging deeper.#FAIL http://news.investors.com/ibd-editorials/030713-647223-fannie-mae-freddie-mac-wont-be-reformed.htm … -
@michellemalkin Yes, but what specifically should Koskinen have done differently? -
@StevenTDennis How about a single step to REDUCE scope of fed govt's guarantees to Freddie, rather than expand them? -
@michellemalkin If you did that quickly, could cause problems. Higher rates, trouble for housing, more losses on existing portfolio. - 1 more reply
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