21 mentions across the corpus · positive 1 · negative 10 · neutral 10 · historical 0
Buffett: More banks may fail but U.S. depositors will be OK | April 12, 2023
“holder of a 30-year Freddie Mac or Friday, they've got the best deal in the world... Berkser cannot make the deal with our credit than you can make if you qualify for making a Freddie or Fannie Mae.”
Afternoon Session - 2019 Meeting
“it would definitely is good if the Freddie and Fannie are authorized to do more lending against manufactured homes”
Afternoon Session - 2019 Meeting
“But they would get that even cheaper if Freddie and Fannie expanded their programs.”
Buffett buys airlines and Apple | February 27, 2017
“Fannie Mae and Freddie Mac. Yeah, one point I'd like to make is that I think it's enormously important for the economy that we have readily available 30-year government guaranteed mortgages.”
Afternoon Session - 2013 Meeting
“legislators were encouraging Freddie and Fannie to be doing things that they shouldn't have been doing”
“One of that he cited there is Fannie Mae. This is before Fannie Mae got into trouble.”
Afternoon Session - 2012 Meeting
“Fannie Mae, the Federal Reserve and Freddie Mac are the three largest financial institutions... Fannie and Freddie have been in conservatorship for three and a half years, the longest.”
Afternoon Session - 2012 Meeting
“I think for a while we were going in that direction with Fannie and Freddie and then they left the tracks.”
Afternoon Session - 2011 Meeting
“we're continuing to follow that policy, for example, with Freddie Mac and Fannie Mae. I mean, they have not reconstituted themselves”
Afternoon Session - 2011 Meeting
“Right now, Freddie Mac and Fannie Mae are sort of too big to figure out.”
Class B stock split was "easy decision" | January 20, 2010
“Or if you look at Fannie and Freddie, I mean, you know, are you going to go and tax the members of Congress who ran Freddie and Fannie.”
Wesco 2010 Annual Meeting — Notes of Charlie Munger's Remarks
“Fannie Mae and Freddie Mac had 200 people at OFHEO to supervise them, and right under the nose of OFHEO they went bust”
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“the March 30th, 2007 report to Congress by O'Feyo, which had 200 people overseeing Freddie and Fannie, and they basically gave them a green light”
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“Fannie Mae and Freddie Mac, since you raised Ophail, I mean, here are institutions that had this push pull. They had the mission, but also the profit motive.”
Wesco 2006 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“When they tried to clean up Fannie Mae, the new CEO complained that spent hundreds of millions of dollars on experts”
A warning on "easy lending on housing"
“we would all go to Freddie or Fannie and get our mortgages guaranteed for a larger amount. And somebody in New York or Tokyo or someplace would buy the Freddie or Fannie paper.”
Afternoon Session - 2001 Meeting
“and Fannie Mae, too. And the consequences of what we saw may not hurt the companies, I mean, at all, but they made us less comfortable”
Afternoon Session - 2001 Meeting
“whether it's in banks, insurance companies, or in what they they call GSEs here in the case of Freddie and Fannie”
Morning Session - 2001 Meeting
“If you're Freddie Mac or Fannie Mae and you're guaranteeing mortgages, you know, for millions of people in areas like that, and they don't have insurance... You are taking on enormous risks.”
Morning Session - 1998 Meeting
“we have large holdings in Freddie Mac and Fannie Mae, and as you both know, they were quite, well, they were hurt quite a lot when interest rates went up”
1991 Berkshire Hathaway Shareholder Letter
“we decided to buy 30 million shares (adjusted for a subsequent split) of Federal National Mortgage Association (Fannie Mae)... I surrendered to my distaste for holding small positions and sold”