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Like I pooped my pants now go smell everyone's pants!
Some Good People lost more than just Money! https://www.reuters.com/article/us-freddiemac-kellermann-idUSTRE53L2IB20090422
Donotunderstand!
I saw it on the news last night! The New Gov't GSE Stimulus is Here. All I did was enter my zip and now I'm getting $3,588 back in savings. It was free to check, Just Enter Zip! ADD ON FB
Free Mortgage's Keep GSE's to pay 10% Dividend Mortgage to be reinvested in GS'S 4% rate 6% Profit Will Double return Every 12.5 years in 24 yrs House will be paid a healthy retirement fund!!
Gov will take over Gse's before they see their heads hitting the floor!
Ok US Marshall for criminal EMBEZZLEMENT
Wouldn't that be criminal imbezelment!!
congress is using past High court decisions that a crisis is more important than our rights and Freedoms, Remember Never wast a good Crisis! Freedoms and Rights are what we die for nothing is more important!!
Excellent Perfect example and Excuse for a BANANA REPUBLIC ! No difference of taking over the Oil industry for the Good of the People!!!
this id all about writing unconstitutional law and waiting13 yrs for accountability and no one going to prison
What IRS Treasury charges for late and missed Payments
https://www.irs.gov/taxtopics/tc653 max 25% per Quarter compounded DAILY!!!
A good start would be what treasury IRS CHARGES 25% per quarter for 12 yrs aprox buy us 12 to 1 more shares plus a 25% penalty IRS IS 50% PLUS JAIL TIME FOR THE GUIÑTY!!!
12 years to correct the GSE'S and that's a HURRY
Remember How fast Gov STOLE 7 Trillion of Private Money "Before our head hit the GROUND"!!!
Freddie Mac Comparison 71 Billion Revenue PPS Now 1.81
Goldman Sachs · Revenue
Goldman Sachs · Revenue
$36.55 billion (2019) PPS 199 1/2 that of Freddie
52-48 Barret Confirmed
GES'S Bailed out the tax payers Fact Gov stole GSE's for Equity for FED to Print Money, then Gov used GSE's to bail out Big Banks that is the FED. Congress has put tax payer 22 trillion in Debt Fed won't loan to Congress directly!!! Give back GSE'S
[Judges are now Mindful of the the NEW Clinton Justice!!b]
And THIS ASS is worried about Recapitalizing, Most of the so Called Non Profit Housing Companies are Just buying City county State Votes!!!!
The Evidence is massive that GSE's Bailed out IndyMac via BOA and aided in the success of SM GSE'S paid back all 187 billion in 4 yrs in 2012 75% of TBTF banks assets where paid off in full on Court house steps. No SM and MC Continue to lie and Misrepresent the GSE'S This is NOT going to look good for TRUMP!!! Courts have already made several Warnings!!!
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Go Chiefs !!!!
Nothing is legal in a Democracy, Democracy is mob rule, it is legal under a Republic Constitutional Rule of Law!
Short answer No Lawton is a puppet of BO promoted diversity that is a communist way of getting away with discrimination in RE the ONLY question is do you have the money or credit! Hiring should always be based on the qualified. Lawton was a puppet appointment Totally in favor of Nationalization of the GSEs
MC like ths DC swamp and Sweeney think the legal theft of the GSEs and Shareholders by saying it's their fault by trying to take advantage of Gov illegal actions but Gov committed FRAUD by selling stock that NOW they call illegal and worthless, Gov and judges have committed securities FRAUD!!!!
SM was gang yo when he made a boat load when they he bought Indy Mac!!
Banks Get Ready For Privatization Of Fannie, Freddie -- WSJ
BY JULIET CHUNG AND BEN EISEN | DOW JONES & COMPANY, INC. - 2:47 AM ET
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 24, 2019).
The Trump administration wants to put Fannie Mae (FNMA) and Freddie Mac (FMCC) back into private hands after more than a decade in government control. The path to doing so will likely lead through Wall Street.
Before the two mortgage giants can be privatized, they will potentially have to raise billions of dollars from investors, a move that will require big banks to move further into a sticky political issue. Financial firms are already laying the early groundwork.
Executives at Bank of America Corp. (BAC), Citigroup Inc., Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM) and Morgan Stanley in recent months have talked with the Treasury Department and Fannie and Freddie's regulator about how a capital raise could work, said people familiar with the matter.
There are no indications the government has begun a formal process for hiring banks on a capital raise, and it could be a hard sell to investors. Still, several, including Bank of America (BAC), Citigroup and Goldman, have begun preparing internally to win a role in what could be a landmark event, these people said.
What to do with the mortgage giants has divided lawmakers for years. The two firms were bailed out with taxpayer money in the financial crisis. If they are privatized, shareholders and bankers could reap big financial rewards -- without eliminating the risk that taxpayers could end up footing the bill for another downturn, skeptics say.
The Trump administration still needs to answer important questions to clear the way for a capital raise.
For example, the government still has a large ownership interest in the two firms from bailing them out, which could make potential investors reluctant to get involved.
The government must also decide how much capital Fannie and Freddie need to stand on their own. The Federal Housing Finance Agency, which regulates the companies, said last year they would need to have as much as roughly $180 billion combined, but the regulator is currently deciding whether to propose new capital rules.
The FHFA and Treasury in September began allowing Fannie and Freddie to retain as much as $45 billion of their earnings combined. Fannie currently holds $6.4 billion in capital and Freddie holds $4.8 billion, according to FHFA. Still, they would need substantially more capital, and would likely need to turn to the public markets for it, to stand on their own.
The IPO market has also slowed recently even on more typical companies, which could make it harder to raise money. It is not clear what forms a capital raise for Fannie and Freddie would take. The biggest IPO in the U.S. so far this year was Uber Technologies Inc., which raised $8.1 billion, according to Dealogic. U.S.-listed IPOs raised less than $ 332 million each on average so far this year.
Treasury Secretary Steven Mnuchin, who once ran Goldman's mortgage trading desk, has long said privatizing Fannie and Freddie is a priority.
The FHFA put out a notice this month that it is hiring a contractor to advise it on capital markets. That role could potentially include helping select underwriters and advising on what capital structures could look like.
During a Congressional hearing Tuesday, FHFA head Mark Calabria was asked about the potential for hedge funds and other money managers that hold shares currently to reap a windfall from these efforts. Mr. Calabria said: "If... we have to wipe out the shareholders, we will." Shares of both Fannie and Freddie, which have risen sharply this year, fell Tuesday and were down again as of mid-morning on Wednesday.
The preliminary discussions between the banks and the government also covered topics such as how the mortgage market would be affected by releasing Fannie and Freddie from government control, the people said. Some of the meetings took place as the Treasury prepared to release a September report about its support for privatizing the two companies.
The biggest U.S. banks already have a large presence in the mortgage market, potentially complicating any capital raise. Many banks not only make mortgages to consumers, they also sell those loans to Fannie and Freddie. Some banks package and trade mortgage bonds, a business that would be upended if Fannie and Freddie return to private hands.
Fannie and Freddie are essentially the plumbing behind the U.S. mortgage market, buying home loans from lenders and packaging them into securities that are sold to investors. The government effectively nationalized them in 2008 as defaults mounted. They have remained in conservatorship ever since as lawmakers have tried and failed to overhaul them. Some pushed to privatize them and others tried to do away with them altogether.
The government injected about $190 billion into the companies in the crisis bailout. Since 2012, the companies have been required to return profits to the government. They have now returned more than $300 billion.
James Dimon, the chief executive of JPMorgan (JPM), has said in private meetings in recent months that housing finance regulators in the Trump administration have been more effective than in the Obama administration, according to people familiar with the matter.
Mr. Dimon has long criticized the government's oversight of housing finance after the financial crisis. But recently he has taken a more conciliatory tone, lauding the latest efforts to overhaul Fannie and Freddie.
"I think they're kind of going in the right direction," Mr. Dimon said at a conference last month.
Write to Juliet Chung at juliet.chung@wsj.com and Ben Eisen at ben.eisen@wsj.com
(END) Dow Jones Newswires
10-24-19 0247ET
Copyright (c) 2019 Dow Jones & Company, Inc.
*Wall Street Eyeing Landmark Capital Raise for Fannie and Freddie
DOW JONES & COMPANY, INC. - 9 MINUTES AGO
(MORE TO FOLLOW) Dow Jones Newswires
10-23-19 1144ET
Copyright (c) 2019 Dow Jones & Company, Inc.
Bloomberg will do anything to discredit Trump as his Michael B is to enter press race as soon has Biden fails Foster will be held liable for his ignorant statements today concerning the attempted of Gov to steal the GSEs a privately held multi trillion dollar America companies and the fraudulent iterference of the stock prices!!
U.S. Department of the Treasury
Treasury Department and FHFA Modify Terms of Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac
09/30/2019
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Treasury Department and FHFA Modify Terms of Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac
WASHINGTON – The U.S. Department of the Treasury (Treasury) and the Federal Housing Finance Agency (FHFA) today announced that they had agreed to modifications to the Preferred Stock Purchase Agreements (PSPAs) that will permit Fannie Mae and Freddie Mac to retain additional earnings in excess of the $3 billion capital reserves currently permitted by their PSPAs. Under the modifications announced today, Fannie Mae and Freddie Mac will be permitted to maintain capital reserves of $25 billion and $20 billion, respectively. These changes to the PSPAs were recommended in the Treasury Housing Reform Plan (Plan) released on September 5, 2019.
“These modifications are an important step toward implementing Treasury’s recommended reforms that will define a limited role for the Federal Government in the housing finance system and protect taxpayers against future bailouts,” said U.S. Treasury Secretary Steven T. Mnuchin.
To compensate Treasury for the dividends that it would have received absent these modifications, Treasury’s liquidation preferences for its Fannie Mae and Freddie Mac preferred stock will gradually increase by the amount of the additional capital reserves until the liquidation preferences increase by $22 billion for Fannie Mae and $17 billion for Freddie Mac.
Treasury and each of Fannie Mae and Freddie Mac also agreed to negotiate an additional amendment to the PSPAs that would further enhance taxpayer protections by adopting covenants that are broadly consistent with the recommendations for administrative reforms contained in the Plan.
The Plan also recommended that Treasury and FHFA develop recapitalization plans for Fannie Mae and Freddie Mac after identifying and assessing the full range of strategic options. Subsequent amendments to the PSPAs may be appropriate to facilitate the implementation of any eventual recapitalization plans.
Copy of the Fannie Mae agreement.
Copy of the Freddie Mac Agreement.
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Treasury Targets Assets of Russian Financier who Attempted to Influence 2018 U.S. Elections
09/30/2019
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Treasury Targets Assets of Russian Financier who Attempted to Influence 2018 U.S. Elections
Washington – Today, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) took action against Russian actors that attempted to influence the 2018 U.S. midterm elections, though there was no indication that foreign actors were able to compromise election infrastructure that would have prevented voting, changed vote counts, or disrupted the tallying of votes. Today’s action also increases pressure on previously designated person Yevgeniy Prigozhin by targeting his physical assets, including three aircraft and a yacht, as well as employees of the Internet Research Agency, which Yevgeniy Prigozhin finances. While today’s action only targets Russian actors, the U.S. Government is safeguarding our democratic processes from adversaries — primarily Russia, Iran, and China — that may be seeking to influence the upcoming 2020 elections.
“Treasury is targeting the private planes, yacht, and associated front companies of Yevgeniy Prigozhin, the Russian financier behind the Internet Research Agency and its attempts to subvert American democratic processes. Free and fair elections are the cornerstone of American democracy, and we will use our authorities against anyone seeking to undermine our processes and subversively influence voters,” said Secretary Steven T. Mnuchin. “This Administration will work tirelessly to safeguard our electoral process, and will aggressively pursue any other foreign actor that attempts to interfere in the 2020 elections.”
Today’s action marks Treasury’s first imposition of sanctions under E.O. 13848, “Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election,” which the President signed in September 2018, warning all countries that they may face sanctions should they interfere in U.S. elections.
Designation Targets
Today’s action targets four entities, seven individuals, three aircraft, and a yacht that are all associated with the Internet Research Agency and its financier, Yevgeniy Prigozhin.
The Internet Research Agency used fictitious personas on social media and disseminated false information in an effort to attempt to influence the 2018 U.S. midterm elections and try to undermine faith in U.S. democratic institutions. In connection with the 2018 U.S. midterm elections, the Internet Research Agency conducted a variety of activities that were part of a broad campaign to try to influence the U.S. political system. For example, as of October 2018, the Internet Research Agency released a staged video filmed by one of their employees that claimed they were seeking to influence and interfere in the 2018 midterms. In November 2018, the Internet Research Agency posted a statement on a website titled the “Internet Research Agency American Division” claiming that the organization sought to discredit candidates it deemed hostile to Russia and that they were utilizing social media to further its campaign. As a result of these activities, the Internet Research Agency is being designated pursuant to E.O. 13848 for directly or indirectly engaging in, sponsoring, concealing, or otherwise being complicit in foreign interference in a U.S. election.
The Internet Research Agency was previously designated pursuant to E.O. 13694, as amended, on March 15, 2018.
The Treasury Department is also imposing sanctions on six members of the Internet Research Agency for their efforts in furthering the objectives of the organization. As of 2018, Dzheykhun Nasimi Ogly Aslanov (Aslanov), Mikhail Leonidovich Burchik (Burchik), Vadim Vladimirovich Podkopaev (Podkopaev), Vladimir Dmitriyevich Venkov (Venkov), Igor Vladimirovich Nesterov (Nesterov), and Denis Igorevich Kuzmin (Kuzmin) were all members of the Internet Research Agency involved in attempting to interfere in U.S. elections. As a result, Aslanov, Burchik, Podkopaev, Venkov, Nesterov, and Kuzmin are being designated pursuant to E.O. 13848 for acting for or on behalf of and materially assisting the Internet Research Agency in connection with the 2018 U.S. midterm elections.
Aslanov, Burchik, Podkopaev, and Venkov were previously designated pursuant to E.O. 13694, as amended, on March 15, 2018.
In renewed action, the Treasury Department is increasing its pressure against Yevgeniy Prigozhin (Prigozhin) by not only calling out his support for the Internet Research Agency in connection with its efforts to interfere in the 2018 U.S. midterm elections, but also identifying his personal property, including several private jets and a yacht. Prigozhin has spent significant funds to further the Internet Research Agency’s attempted influence operations in connection with the 2018 U.S. midterm elections. As a result, Prigozhin is being designated pursuant to E.O. 13848 for materially assisting and providing financial support to the Internet Research Agency in connection with the 2018 U.S. midterm elections.
Prigozhin was previously designated pursuant to E.O. 13694, as amended, on March 15, 2018. Prigozhin was also designated pursuant to E.O. 13661 on December 20, 2016 for materially assisting senior officials of the Russian Federation.
Prigozhin utilizes a series of front companies to manage his luxury personal property to include three private jets and a yacht. Beratex Group Limited (Beratex), an entity registered in the Seychelles, owns and operates a private jet that until just recently flew under the tail number M-VITO. Beratex originally purchased M-VITO in 2012, and since then, photographs on social media accounts have shown that Prigozhin’s family have used the plane. Between 2017 and 2018, M-VITO conducted numerous flights throughout Africa, the Middle East, and Europe to include Sudan, the Central African Republic, Madagascar, Ethiopia, Libya, Syria, Lebanon, the United Arab Emirates, Armenia, Germany, Spain, and Russia. In addition to M-VITO, Beratex is also the registered owner of St. Vitamin, a yacht the company acquired in 2014. Prigozhin’s family has vacationed on St. Vitamin, as evidenced by photographs posted on social media accounts. Beratex is being designated pursuant to E.O. 13661, E.O. 13694, as amended, and E.O. 13848 for materially assisting Prigozhin. M-VITO and St. Vitamin are being identified as property in which Beratex has an interest.
image
M-VITO: One of Prigozhin’s private jets. Between 2017 and 2018, M-VITO conducted numerous flights throughout Africa, the Middle East, and Europe
Anna Zvereva/Flickr (CC BY-SA 2.0)
image
St Vitamin: Prigozhin’s Yacht
Prigozhin also owns and uses VP-CSP, a private jet registered in the Cayman Islands. Since 2017, Linburg Industries LTD. (Linburg), a company incorporated in the Seychelles, has been the registered owner and operator of VP-CSP. Between 2017 and 2018, VP-CSP conducted flights throughout Africa, the Middle East, and Europe to include Sudan, the Central African Republic, Egypt, Libya, Lebanon, Syria, Germany, Spain, Greece, Finland, Estonia, and Russia. Linburg is being designated pursuant to E.O. 13661, E.O. 13694, as amended, and E.O. 13848 for materially assisting Prigozhin. VP-CSP is being identified as property in which Linburg has an interest.
Finally, by October 2018, Prigozhin’s employees arranged for the purchase of M-SAAN, a private jet registered in the Isle of Man. M-SAAN’s registered owner and operator is Autolex Transport Ltd. (Autolex), a company incorporated in the Seychelles. Autolex is being designated pursuant to E.O. 13661, E.O. 13694, as amended, and E.O. 13848 for materially assisting Prigozhin. M-SAAN is being identified as property in which Autolex has an interest.
As a result of today’s designations, all property and interests in property of these persons, including the identified aircraft and vessel, that are or come within the possession of U.S. persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. Additionally, any entities 50 percent or more owned by one or more of these designated persons are also blocked. Due to the designation of some of these persons under E.O. 13694, as amended, and E.O. 13661, foreign persons may be subject to secondary sanctions for knowingly facilitating a significant transaction or transactions with those designated persons.
The identification of these aircraft and vessel serves as a warning to those who continue to provide M-VITO, St. Vitamin, VP-CSP, and M-SAAN landing rights or other general services. By continuing to service these aircraft and the vessel, providers of such services run the risk of facilitating or supporting Prigozhin’s nefarious activities and may also be subject to future sanctions.
Identifying information on the individuals and entities designated today.
####
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Excellent Post!!!
Not too far from the truth SM Handled the main cause of the crisis the poor designed competition Indy Mac owned by Countywide showing the biggest conflict of interest GSEs stop handing countrywides loan so CW created IndyMac to buy loans then the market dida hick up congress make mortgages free and the rest is history, so any competition must not have any conflict of interest including congress.
Because he was appointed by the swamp!!
*Forthcoming Agreement Would End Yearslong Arrangement Where Profits Went to U.S. Treasury
DOW JONES & COMPANY, INC. - 3:41 PM ET
(MORE TO FOLLOW) Dow Jones Newswires
09-22-19 0900ET
Copyright (c) 2019 Dow Jones & Company, Inc.