In response to the article comment about why GSE’s are not in Feinberg’s sites…well the GSEs are in conservatorship and therefore the government can force them to purchase/sell as the government pleases. This is not so much the case for these private banks that have receive TARP especiall given the loose sloppy terms in the contract that were setup in haste by Paulson. So these banks require some additional regulation. Most of these banks have turned to “profit” as they recover the mark down on their assets, but due to the GSE role in stabilizing the market when there is no market, they continue to operate under losses (despite what their earnings from mark to market derivative gains may imply). So how do you get a CFO with the right qualities to join a sinking ship? You better be willing to pay this guy a decent amount especially since he runs the risk of having a lot of fingers pointed at him if the GSEs continue to lose money, which seems likely.

In this era of information technology it is so easy to take what we read or see as the truth without doing the due dilligence on our own and it is even more important to do our own research and confirm the validity of people’s statements in the media particularly on complex matters as this one.