simple reasons @carney and @RCwhalen are ethically bankrupt $FNMA
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insolvency frameworks dictate that when a creditor is paid back more than they lended, principle is reduced.
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the third amendment Net Worth Sweep">net worth sweep is a usurious tax on home ownership.
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Whalen believes that the rule of law no longer applies
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Carney doesn't seem to understand the purpose of federal claims court or how to read discovery update hearings
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both of them support the soviet viewpoint that private profits are illegal (see image below)
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both are willing to cherry pick only the tid bits of information that support their own agenda, and ignore the context.
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whalen is obese which indicates he lacks the necessary judgment to regulate the amount of food he ingests.
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carney at least is willing to admit that there is a game plan for survival, but is unwilling to concede any logical third amendment repeal.. which is just ... i mean, is this guy capable of doing financial forecasts at all? basically he makes the WSJ a propoganda platform .. a center for controversy where reason is basically argued against.
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i'd throw charlie gasparino under the bus too but he's the 3rd grade bully who never really figured out what was going on, but figured out that he could get more attention if he just picked something out of thin air and then started with one-sided ad hominum attacks grounded in conservative assertions... or whatever
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i always liked jay leno more than david letterman.

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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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