John Hempton is chief investment officer and founder of Bronte Capital, an Australian based global asset management firm. He was formerly a partner at Platinum Asset Management and has served as chief analyst of tax policy for the New Zealand Treasury.
Recent Articles By The Author
Watching Fannie and Freddie, Part 8
The mortgage giants should be able to make sufficient revenue, as long as the government doesn't get in their way.
Watching Fannie and Freddie, Part 7
Credit losses at the mortgage giants are manageable, but the companies still need to earn their way out of their current predicament.
Watching Fannie and Freddie: Part 6
The government can get its money back on its 'investment' in Freddie Mac, provided Freddie can earn more than $56 billion over a reasonable time period and meet the government interest charges.
Watching Fannie and Freddie, Part 5
Revenue at these government-sponsored enterprises has risen very sharply.
Watching Fannie and Freddie, Part 4
These models using cumulative default curves help identify future end losses of both companies.