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The market is telling you that
It's been obvious since the SC decision that he's gonna throw the case out at summary judgment
Looks like the captain has abandoned ship
"The government will always win when the Supreme Court imputes to Congress a definition of a conservator never adopted in the history of the world, by broadly reading a narrow exception for incidental powers to let a conservator gobble up all the money for itself—an action that could never be challenged in court as an abuse of power."
Sweeney is going to toss the cases, because that's done by the court of original jurisdiction. The Appeals Court is merely returning the cases there. That's the "efficient administration of justice" part.
There also will be no trial in July, because the SC decision means the plaintiffs have no viable action under the law and Lamberth will rule for the defense at summary judgment.
Sorry to burst your bubble, but that's what's going to happen.
Don't count on it
What makes you think there's gonna be a trial?
Won't the defense simply move for summary judgment as a matter of law,and subsequently the judge will rule for defendant based on last year's SC decision?
All related COFC cases
As soon as the court gets around to dismissing the remaining cases, I suppose.
I wasn't privy to their conversation but it from what she told me, it sounds to me like they said the fat lady is gonna sing
What makes you think there's going to be a jury trial?
"How long, ye simple ones, will ye love simplicity? and the scorners delight in their scorning, and fools hate knowledge?"
FYI my mom was informed by her lawyers (who also represent Pershing Square) immediately after the recent ruling that their administrative dismissal is imminent.
"If a small portion of the effort is focussed on pushing back at current state staleness, we may achieve some traction "
Not these keyboard warriors...
--If they'd done what I suggested seven years ago and learned to play guitar and write protest songs, instead of frittering away their lives on this message board, we'd now have hundreds of folk musicians to uh invade Capitol Hill with....
A word to the wise is sufficient
https://www.full-stop.net/2013/08/23/blog/jett/never-argue-with-stupid-people/
I'm not your secretary, look it up
Sounds as if you've got it all figured out
What you fail to mention is that they would have already reinstated the NWS; why would they do it now that senators are talking about releasing the GSEs?
One might exprect an experienced hand to wait to buy until after the hit pieces come out
Inside Mortgage Finance
FHFA Director-Nominee Thompson: No Administrative End for GSE Conservatorships
dhollier@imfpubs.com
Sandra Thompson, President Biden’s nominee to be the next director of the Federal Housing Finance Agency, used her confirmation hearing before the Senate Banking Committee this week to dash any remaining hopes for an administrative end to the conservatorship of Fannie Mae and Freddie Mac.
And the FHFA acting director did it so smoothly, probably assuring her confirmation.
When asked by Sen. Thom Tillis, R-NC, about her timetable for releasing the government-sponsored enterprises, Thompson basically turned the question on its head. “We would defer to Congress on the exit from conservatorship for the GSEs,” she said blithely.
Just like that, she shifted the responsibility for ending the conservatorship onto the shoulders of senators like Tillis. She also noted there are many other key stakeholders with a say in how the conservatorship should end, including the Department of Treasury, as majority shareholder of the GSEs; the Department of Justice, as co-litigant in countless shareholder lawsuits; and the White House, which will be looking at the budgetary impact of such a move.
For more details, see the new edition of Inside MBS & ABS, now available online.
can anyone here play the violin?
pay me $200 I won't sing any more #Fanniegate songs
If you come to this Board for 'reasoned input' then you are twice as crazy as Carlos haha
When was the last time Ackman said 'the commons are worth $47'?
Hey DC BILL,
have you read this thing? Whoever wrote it was dripping bile and sure had the knife out for the execs at the GSE's, as well as calling the GSE's a "failed social experiment"...very interesting timing of this confidential internal memo, circulated well before the FNMAT offering in May, 2008 (I believe it was for $7B) that both Paulson and Lockhart publicly touted.
http://fcic-static.law.stanford.edu/cdn_media/fcic-docs/2008-03-08_Treasury_Email_from_Hason_Thomas_to_Robert_Steel_Re_Source_document_for_Barrons_article_on_FNM.pdf
You should send this to the lawyers, I never this before, interesting reading given Paulson and Lockhart's public support for the GSE's in May, 2008....
FYI senators generally do not care about queries from those outside of their state.
But if everyone writes to their two senators, it helps give the matter some attention at an important moment.
--If you've got a Senate Committee Finance member as a Senator, really go deep with the questions.
No politics, succinct, stay on point.
Senate Financial Services/Banking Committee Members List
Remember we each have two senators, write 'em both
https://www.senate.gov/general/committee_membership/committee_memberships_SSFI.htm
Majority Members (14)
Wyden, Ron (OR), Chairman
Stabenow, Debbie (MI)
Cantwell, Maria (WA)
Menendez, Robert (NJ)
Carper, Thomas R. (DE)
Cardin, Benjamin L. (MD)
Brown, Sherrod (OH)
Bennet, Michael F. (CO)
Casey, Robert P. (PA)
Warner, Mark R. (VA)
Whitehouse, Sheldon (RI)
Hassan, Margaret Wood (NH)
Cortez Masto, Catherine (NV)
Warren, Elizabeth (MA)
Minority Members (14)
Crapo, Mike (ID), Ranking Member
Grassley, Chuck (IA)
Cornyn, John (TX)
Thune, John (SD)
Burr, Richard (NC)
Portman, Rob (OH)
Toomey, Patrick J. (PA)
Scott, Tim (SC)
Cassidy, Bill (LA)
Lankford, James (OK)
Daines, Steve (MT)
Young, Todd (IN)
Sasse, Ben (NE)
Barrasso, John (WY)
For every seller there is a buyer
someone made a big bet
presumably they have the best available information
and they're rollin them bones
US freezing more GSE Profits than Taliban Cash
And they get the headlines....
Top Taliban official called the US 'great and big' and asked it to release $10 billion of frozen Afghan reserves
https://www.yahoo.com/news/top-taliban-official-called-us-102214607.html
No reporting yet on the letter yet by Gasp etc., I see Motley Fool article is circulating
Nice he's spoken up about the GSE's at last, we had to put up with a lot for this moment so it better be good!
Tell em that if they don't listen to you
Ima coming up there with my guita er piano:
Wrong again...
another lie from you, although in your case I realize it's likely a delusion:
Sandra L. Thompson | FHFA Acting Director
On June 23, 2021, the White House appointed Sandra L. ?Thompson as the Acting Director of the Federal Housing Finance Agency (FHFA).
Before being named FHFA Acting Director, Thompson serv?ed as Deputy Director of the Division of Housing Mission and Goals (DHMG). Since March 2013, as the DHMG Deputy Director, Thompson oversaw FHFA’s housing and regulatory policy, capital policy, financial analysis, fair lending and all mission activities for Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
Prior to joining FHFA, Thompson worked at the Federal Deposit Insurance Corporation (FDIC), for more than 23 years in a variety of leadership positions, most recently as Director, Division of Risk Management Supervision. During her time at FDIC, Thompson led the Agency’s examination and enforcement program for risk management and consumer protection at the height of the financial crisis. She also led the FDIC’s outreach initiatives in response to a crisis of consumer confidence in the banking system. Her experiences range from supervision to consumer protection, risk management and consumer outreach activities. Thompson is a graduate of Howard University in Washington, D.C.
https://www.fhfa.gov/AboutUs/Pages/Leadership-Organization.aspx
#Fanniegate: so big it has Folk Songs
Fanniegate Blues #7: Fannie & Freddie are Indentured Servants
GSE CONservatorship's are USA's 'Dreyfus affair'
"" The Dreyfus affair was a political scandal that divided the Third French Republic from 1894 until its resolution in 1906. "L'Affaire", as it is known in French, has come to symbolise modern injustice in the Francophone world,[1] and it remains one of the most notable examples of a complex miscarriage of justice...""
https://en.wikipedia.org/wiki/Dreyfus_affair
Cheapest $50's, bid low on down days, they are the best bang for the buck.
I like FNMAJ for $25's; a good value.
don't get too far ahead of yourself there, we still gotta survive summary judgment, but if we do it's off to the races. I think we do gonna done do that.
Plus we're getting an extended absolute smackdown bargain on the JPS, I'm hoping we stay put price-wise into the new year so as to be able to re-fund the IRAs
GSE CONservatorships no longer even get a mention, neither currently nor historically; they're just "housing giants" now.
Why are Democrats are set to slash it?
Surely the Republicans should be all for something like this, what with the shacks they call home in Alabama, Kentucky, West VA etc.
"Huge prospects" -- what are the odds?
A billion to one?
How do plaintiffs join the China Accusation?
Is there a post office box # where we can send you cash to fund the operation?
--But you made a mistake, because you squared the circle when you should have circled the square. This is a common (haha, get it?) error and can be corrected if you pay the driver and tell him "once around".
Ackman is still suing them, so why would he sell shares? He doesn't need the money and he has the courage to back up his convictions with both action and persistence.
"It ain't over until it's over."
--Yogi Berra
JOEY, THIS GUY TELLS IT LIKE IT IS, WHEN HIS "GSE BALLADS" ALBUM COMES OUT YOU SHOULD
NOMINATE HIM FOR A GRAMMY AWARD FOR BEST SLIDE GUITAR WITH A FULL BEER BOTTLE
PERFORMANCE, IT TAKES YEARS OF PRACTICE TO DO THAT!