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This blog post originally appeared on
on July 10
Insolvency at FNM, FRE
8:35 a.m. EDT.
I was quite direct on Sir Larry Kudlow's show last night.
One of the bolder things I
are "technically insolvent."
Apparently, former St. Louis
President William Poole
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At the time of publication, Kass and/or his funds were short Fannie Mae and Freddie Mac, although holdings can change at any time.
Doug Kass is founder and president of Seabreeze Partners Management, Inc., and the general partner and investment manager of Seabreeze Partners Short LP and Seabreeze Partners Short Offshore Fund, Ltd.