Failed FREDDIEMAC bureaucrat John Koskinen MT @thehill Obama to nominate corporate turnaround specialist 4 IRS chiefhttp://j.mp/16bzO76
@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 …
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@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.
End of conversation
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