Monday, September 8, 2008

Randal Quarles Is Sleeping Well Tonight

Things are moving along according to plan for Randal Quarles.

Long time EPJ readers know Quarles as the ultimate insider, and that Quarles always shows up at the right place at the right time.

He has just done it again.

The new CEO of Freddie Mac is David Moffett. Guess where Moffett worked before grabbing the CEO stint at Freddie? Yup, the Carlyle Group, right along side Quarles, in the global financial services sector.

This is all coincidence of course. Paulson's hand was just forced a couple of days ago. And if you believe that,I have some Freddie Mac common stock I'd like to sell you, cheap.

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