doubleplusundead

January 13, 2010

Must See CNBC Interview of Kyle Bass

Did ya know Fannie & Freddie were leveraged 95x at the peak of the housing bubble? Yeah...

CNBC's David Faber interviews investor Kyle Bass:

(If you can't see the embedded video, go here.)

Important notes...

* - "Why is the taxpayer losing a dime" on Fannie and Freddie?

* - Washington is more sensitive to Chinese losses than losses to the US Taxpayer.

* - We must end the corrupting situation where Fannie & Freddie lobby and contribute to their Congressional overseers.

* - Japan is the canary in the coal mine for sovereign debt and deficit spending... and we're 10-12 years away from being Japan.

Posted by: JoeCollins at 12:49 PM | Comments (5) | Add Comment
Post contains 113 words, total size 2 kb.

1 I didn't get to watch the video, but one of my massive pet peeves is the lobbying of Congress by Fannie/Freddie.

GSEs are now explicitly backed by MY money. They use that money to bribe the very people who are shoveling money to them. That's pretty much the textbook definition of a kickback. Someone needs to go to jail.

Posted by: XBradTC at January 13, 2010 03:10 PM (cB95w)

2 I strongly recommend watching the video, even if you have to click over to the CNBC website.

Don't know why mee.nu seems to be bitching up the embed, but I seem to recall this happened last time I tried to embed from cnbc. Why they don't just use the hulu player like the rest of the nbc family I'll never know. -- The embed seems to sorta work with Firefox 3.0x on XP, but craps out in IE-8 on XP. Your mileage may vary.

Posted by: JoeCollins at January 13, 2010 03:19 PM (jtJig)

3 thanks for posting this. I was looking for it after I saw this interview. This guy is amazing.

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