11-19-2013 Fannie, Freddie and the Future of America’s Housing Market

November 19th, 2013

Speaker: James Fenkner, CFA

Chair: Alejandra Folguera, CFA and Ricardo Calderon, CFA

The American housing market has returned to life.  Thanks in large part to two disgraced companies on death row:  Fannie Mae and Freddie Mac.   Although dangerously undercapitalized and held in debtor’s prison, Fannie and Freddie still control much of America’s secondary housing market.   Suddenly, a combination of record profits, new legal challenges, and good behavior in contributing towards GDP growth has raised the prospect of an eventual pardon.  Questions loom large:  Why free such potentially dangerous recidivists?  Can they ever repay their debt to society?  How would Fannie and Freddie’s freedom affect American housing prices and risks?  And what, if anything, are the securities of Fannie and Freddie worth?

About the Presenter:  James Fenkner, CFA
A graduate of Tufts University, James Fenkner began his finance career as a Fixed Income analyst at Fidelity Investments in Boston.   Following a Soros-funded teaching program in Eastern Europe, he found himself in Moscow, initially as head of research at what would become Russia’s largest investment bank; and then as founder and managing director of what was Russia’s largest long-short equity fund.   After 15 years in Russia, he relocated to Santa Barbara with his wife and three daughters. 

Registration Links:
Members $15
Non-Members $25

Student $5

*Price of ticket includes appetizers and two drinks.

Time: Tuesday, November 19, 2013, 5:30 – 8:00pm

Location Coral Casino Beach & Cabana
                  2nd Floor
                  1260 Channel Dr
                  Santa Barbara, CA 93108

Dress Code: Business Casual

Payment Information:

Methods of payment accepted: Visa/Mastercard, American Express and Discover. If you prefer to pay by check please register online and select "purchase order" as your payment option and enter your last name as the purchase order number. Mail check to: CFA Society of Los Angeles, 520 S. Grand Ave, Suite 370, Los Angeles CA 90071.

*Credit card payments will only be accepted through the secure online registration, and not by phone or email.


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