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5 ladies take victory lap for $100B for housing
Harris, Yellen, Thompson & 2 CEOs of GSEs
September-October surprise to win election by 3R GSEs.
That's why republicans are also talking about GSE so that they are not seen as clueless.
Why would any politician fix problem long before election?
To have maximum effect on the election, solve problem close to the election.
Warren Buffett has $277B cash/treasury bill
He can invest $100B each in FNMA & FMCC and left with $77B cash cushion.
https://www.investopedia.com/how-warren-buffett-berkshire-hathaway-grew-cash-pile-sold-more-stock-8696526
Lamb will rule tomorrow to have lambchop evening
Why would anyone buy when Middle East war is certain?
WS is shorting it and poor retail investors are buying it.
Waiting for 40K@$1.01 to be filled during firework at Middle East
Labor Day 24-Claim victory in debate with $100B to housing
10,000 FNMA@$1.02 got filled yesterday- 3R by labor day
Will Lambtard certify on 8/16 after 30 days of last filing
Recap ($100B) & Release on 8/19 to claim biggest fund raise by Dems on convention
FNMA needs $22B with reduced Cap of 3%
Assume capital requirement is reduced to 3% Book of Bussiness & CRT covers 1%
Total Book of Bussiness = $4100B
CRT covered Book of Business = $1500B, 2% of $1500B = $30B, Rest 1% is covered by CRT.
Networth left to be used for Non CRT covered Book of Business = $86B-$30B = $56B
Non CRT Book of Business = $2600B, 3% of $2600B = $78B.
Short falll of capital to meet 3% cap = $78B-$56B= $22B
Q2 Networth -FNMA=2%(86.5B/4100B), FMCC=1.5%(53B/3500B)
Now tell me which one is in better postion to go out of Conship?
Next few days are very important for election/housing/GSEs
WH claims that next few days are critical for his election and also claim to build 2 Million units of affordable housing.
Connect the dots- GSE will be instrumental in building 2M units which will give upper hand to Dems.
Money for 2M units will come from warrants which will be returned to GSEs to use over years to come.
Will be over by July 7th?
https://abcnews.go.com/Politics/biden-privately-signals-open-mind-path-forward-sees/story?id=111650361
https://www.whitehouse.gov/briefing-room/statements-releases/2024/06/26/press-call-by-vice-president-harris-announcing-new-action-on-housing/#:~:text=This%20investment%20is%20part%20of,to%20buy%20their%20first%20home.
GSE release & Tim Scott-as VP will be launched in the debate by Biden & Trump respectively
FNMA Vol=14.8M(Brokerage)/6.5M(yahoo)- why
FMCC Vol=6.8M(Brokerage)/3.1M(yahoo)
Debate-3 months early & ST- Later in year-- incentive
Presidential debate is 3 months before than usual September last week.
Today's statement by FHFA director starts with Later in year---- is intended to keep pps lower.
I would not be surprise Biden trap Trump on $400/month mortgage payment incentives for 25 months. Blame Republican for not passing bill for above incentive. Then Biden will use GSE’s warrant to give $400/ month 25 months. After that media will run with it that Biden is genius. Biden is beating Trump on his home ground "realestate".
Without release warrant incentive cannot be used.
Cap needed is 2.5% of 4.3T-0.91T(CIRT)=84.7B
If $0.915T is backed by CIRT then that $0.915T does not need 4% or 2.5% cap requirement.
Change cap requirement from 4% to 2.5%.
2.5% of $3.39T($4.3T - $0.91T) is $84.7B.
Capital requirement will be met in Q2.
Strangly early debate 1-Trap T for $400/m, Use wrts to buy voters
Debate 1-Trap T on $400/m to FTHB for 2yrs
Debate 2-Victory lap for $400/m for 2yrs funded by released GSEs on July 4th. Lamberth time indicating July 7th is end date for filings.
Biden may release GSE to give new product to homeowners
R is smelling release & recap next week & hence on last day before week off they are trying to oppose FMCC new product under Cship.
$400x24months to FTHB will be paid by GSE in exchange of warrants
1. SPS to be writen off because SPS+10%+$30B extra already paid.
2. Extra $30B will be used towards LOC of $300B for next 10 years.
3. Returned warrants to GSE to be used towards payment of $400 per month for next 24 months to FTHB and starter homesellers as proposed in the SOTU. Blame congress for not doing so as proposed in SOTU.
4. GSE raise capital using 50% of warrants; that's 40% dilution.
5. Big announcement may be on Memorial day or Independence Day.
New FHFA director can fire CEO when GSE is Conship.
ST just fired CFO of Fannie Mae.
If Dems wants to keep current CEO longer under Trump then Dems needs to release GSEs and have recap funded by Dem leaning investors.
Will this Memorial Day be memorable?
The comment deadline for New equity loan product for FMCC is May 16th.
Judge Lamberth has deadline of Thursday, May 23rd.
Memorial Day is Monday, May 27th
Congress is in recess in last week of May, enough time for 2R.
Buffett: Munger's last stock pick FNMA,FMCC?
3R or pay $1.5B fine with upcoming FNMA common lawsuit
For both JPS & FMCC common, total fine plus interest is $900M. If you add FNMA common in future lawsuit, GSEs have to pay $1.5B.
Why would they pay $1.5B? They can just do 3R. That makes everbody happy.
Sealed doc=white flag, FHFA-C is NOT gov-30days to appeal/delay
Federal Reserve made 10% profit in AIG after warrant
Federal Reserve bailouted AIG for total of $182B and got 79.9% warrant.
Total profit for Federal Reserve was $96.6B after 5 years.
That means ($96.6B/$182B)/6yrs = 10% return.
Federal Researve has to excercise warrant to get 10% return.
Paulson parameter
Interest rate for companies who returned before 5 years = 5%
Interest rate for companies who returned after 5 years = 10%
In case of GSEs, USG bailed out GSEs and has made 10% + $30B.
4/20-4/28-May be new cap for Q1, Congress off
5/20 is appeal deadline for FHFA
Anything can happen by 5/20.
Under Fed. R. App. P. 4(a), notice of appeal in a civil case must be filed:
within 30 days after entry of judgment if the United States, its agency or officer is not a party;
within 60 days after entry of judgment if the United States, its agency or officer is a party; or
within 14 days after the filing of a notice of appeal by any other party.
https://www.ca4.uscourts.gov/faqs/faqs-appellate-procedure#:~:text=App.-,P.,officer%20is%20a%20party%3B%20or
2R with G-fee after Q1 before 60days appeal deadline
If government wanted to really appeal this and delay for 2 years then there was no need for Lamberth to delay certification of 8-0 jury judgment. Now, Lamberth gave Government 60 days from certification to act with Q1 report or there after but before 60 days limit.
Punish fake news supporting illegals-Cut cable, did in 16, invested saving in GSE
Politicize housing crisis, Blame others, then give 10K
Who here thinks that Gov will tell you future action? None.
One weekend,it will be over. May be after certification or in democratic covention.
Create problem then solve it to get victory lap.
2020- 10K student foregiveness carrot
2024- 10K housing help carrot
Friday run is expecting Certification next week
Lamberth to certify in 30days-3th, lead to 12M vol 11% rise
To get $50B+ incentive from warrant, 3R is essential
Cash NWS can't be restarted because FHFA said in the court that they have stopped it.
In order to get incentive of $50B-$100B from warrant, Gov has no option but 3R.
Gov can give warrant back to GSE to be used in all kind on incentives mentioned in SOTU.
If Gov excercise Warrant then that Billions will be controlled by the Congress.
ST delayed capital reserve announcement to align with bank's capital reserve announcement via Basel3.
Pigs fly all the times in US- Just look 2020, 2024
Will sell my starter home with tax credit-lol
$25Kx400K=$100B-Is it GSE's warrant money?
Down Payment Assistance for First-Generation Homeowners. The President continues to call on Congress to provide up to $25,000 in down payment assistance to first-generation homebuyers whose families haven’t benefited from the generational wealth building associated with homeownership. This proposal is estimated to help 400,000 families purchase their first home.
Building and preserving over 2 million new homes to lower rents and the cost of buying a home
President Biden believes housing costs are too high, and significant investments are needed to address the large shortage of affordable homes inherited from his predecessor and that has been growing for more than a decade. During his State of the Union Address, President Biden will call on Congressional Republicans to end years of inaction and pass legislation to lower costs by providing a $10,000 tax credit for first-time homebuyers and people who sell their starter homes; build and renovate more than 2 million homes; and lower rental costs. President Biden also announced new steps to lower homebuying and refinancing closing costs and crack down on corporate actions that rip off renters.
https://www.whitehouse.gov/briefing-room/statements-releases/2024/03/07/fact-sheet-president-biden-announces-plan-to-lower-housing-costs-for-working-families/
GSE will be used as tool to give $10K to FTHB, once congress does not do anything. For that 3R is essential.
2020- $10K student loan forgiveness
2024-$10K tax credit to FTHB/starter home seller
It's 4S, Smackdown of BOD by Paulson in 2008
Smackdown of BOD by Paulson
Steal
Siphon
Store
3R may be before FNMA COO join on 5/20 so that he can make Millions
SOTU-Thursday rather Tuesday, Victory lap-3/7 & 3R-3/11