bluntlysaid

This guy has got to shut up. He’s a major global investor that managed to get an entire Bloomberg article written about him today. He is quoted saying that Fannie and Freddie are basically insolvent and that the recent “bailout” is an “unmitigated disaster.”

STFU.

He has shorted Fannie Mae stock, so he stands to win a lot of money if investors get skittish and bring the price of Fannie/Freddie stock down. He’s trying to manipulate the markets against the agencies. That’s self-serving and I don’t like it one bit. That’s why I’m telling this guy to STFU.

I should also add that Bloomberg should get its wrists slapped for airing the views of a clearly biased (he shorted the stock!!) “expert.”