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They cured one defect but created another
This is what happens when the court re-writes laws from the bench. Of course the court has NO BUSINESS rewriting laws in the first place but its what they do nowadays.
They have now officially made FHFA non-independent since the executive branch can now fire the director at will. If you don't do the presidents or his party's will then you will be fired and replaced by someone who will.
FHFA is the GOVT and its needs to be funded by congress thru the budgeting process.
Completely agree FHFA has never been Independent
FHFA has and always will be run by the GOVT. The GOVT needs to fund FHFA not stealing the money from Fannie and Freddie.
Don't do what the president or his party wants then you will be fired and replaced by someone who will.
Minimum NWS Damage estimates FNMA 18B FMCC 14B
I looked at the...minimum..damage estimates for the Collins case in which the president was unable to fire the FHFA director and the NWS continued unabated and against his will.
Here they are based on ruff estimates and are minimum damage assessments only;
FNMA 18.1 B - not including interest payments that will also be due
FMCC 14.2 B - not including interest payments that will also be due
This will be the GOVTs first loss in the court system concerning the phoney conservatorship of Fannie and Freddie.
Glad you understand this jog49
Some people on the board have no clue to what's going on here.
Appreciate it !
FHFA is not private FHFA is not independent
FHFA is not a private company or regulator FHFA is not independent of anything since the executive branch of the GOVT has complete control over them.
1. The president appoints the FHFA director to run the entire place.
2. Then the president nominates the director to control FHFA at his will.
3. The GOVT body (Senate) now hires the director so the GOVT can run the place from top to bottom on an every day basis.
4. Then the incoming president immediately fires the director of FHFA so he can control the place exactly the way he wants to.
ok...ok...I will go along with the...MAKE BELIEVE STORY...that FHFA is independent if you really want me too.
If Biden cannot nominate he should not be-able-to-appoint-either
All of it has the same end game.
I want the GOVT to pay for FHFA
If the executive branch wants to hire and fire the person who is running FHFA that has complete control over the place then the GOVT should be funding FHFA also...not FNMA and FMCC.
The plaintiff's have them and the only way out is if the court makes up some more new laws to protect their GOVT buddies.
Brad what's your take on JPS damages
Will any of the JPS at Fannie or Freddie recover any past interest payments
or will it be likely they are just restored due to violation of the contracts.
Inflation jumps to 6.8% another GOVT induced-Nightmare
Reminds of Venezuela when their currency went to being absolutely worthless.
https://finance.yahoo.com/news/consumer-price-index-posts-biggest-year-over-year-jump-since-1982-in-november-134529314.html
They want to extort money from Financial Institutions
They do this every time they are in office.
Make a bunch of false or somewhat false claims, file lawsuits until the banks just pay them off to make them go away. Its a good way to raise money for bankrupt states and cities.
I know since I have been a major investor in the banks over the years both BAC and CITI.
The Housing Boom could last for a decade
https://finance.yahoo.com/m/0a019b4a-e2ca-398f-8301-e79be55f9d33/the-housing-boom-could-last.html
LP has NO monetary value
Once again these companies...ARE NOT...going to liquidate so the LP is worth nothing.
Only a complete idiot would start negotiating for something that is worth zero.
The remedy is very clear
No retained earnings while Watt was in charge. All those siphoned off
earnings to the treasury have to be returned to the GSEs.
About 2 years worth of earnings.
I would ask for a lot more than just those 2 years of earnings.
They are like cockroaches get out the Raid
Spray them down real good to get rid of them.
Earnings should be solid again this QTR
We just need to get ride of the GOVT leeches who like to steal money that does not belong to them.
Will Trump save the day one-more-time
We shall see !
Thompson must have known about letter some-time-ago
He must have had his brief written and ready to go then the news broke today and that must have been his green light.
Their members are very diverse
If they like they will definitely find a way to buy.
Just like crypto you have to find a way to buy it.
This needs to be Forwarded to Robinhood
Great Job !
Plaintiff's now have the last piece-of-the-puzzle
The case in the 5th circuit can now move forward.
That's the 64 Thousand Dollar question
How badly will the courts carve all this non-sense up and how much will the damage totals be for everyone involved.
Its all about Damage awards now
Well it will take a team of lawyers to figure out how much damage was done to Common Holders and Damages that were done to JPS holders.
Judge Gorsuch - you now have your proof !
Fannie and Freddie need to buy-back the warrants
End of that story.
More revenue for Fannie and Freddie on-the-way
Fannie Mae, Freddie Mac to Back High-Cost Home Loans of Nearly $1 Million
https://finance.yahoo.com/m/c45c429a-018e-376f-b543-47a47a4bea74/fannie-mae-freddie-mac-to.html
We now have a clear shot at winning-a-court-case
China Virus having a direct impact on-stocks-today
GOVT wants another Welfare Program
They want to turn Fannie and Freddie into another free-handout GOVT
Welfare give-away plan.
Make absolutely no mistake about it they will suck every penny they can out of these private companies before its all over.
Must be correct they are on the-most-actives-list
Volume thru the roof.
https://finance.yahoo.com/most-active
Here is the Stress Test read-it for yourself
They already have the needed Capital to exit the Phoney Conservatorship.
Yes there is alot of oversight going on here so the numbers are bulletproof.
https://www.fhfa.gov/AboutUs/Reports/ReportDocuments/Final_2021-Public-Disclosures_FHFA_SA.pdf
The GSEs are already fully capitalized
Calabria tried to hide the truth but it came out anyways about the stress test. Like I have always said his Capital Rule was phoney from Day 1.
We need Mexico to open a shipping port just south of the border to complete with California.
There wont be any more container ships waiting off the coast to get unloaded.
Problem solved for good.
Right the Wrong - Give me a break !
Nobody has been wronged...If you get off your a**, get an education, then get a job like everyone else, then you can afford to go out and purchase a home.
Even if you give away homes for free what is going to happen next ? Who is going to pay the utilities, the taxes, who is going to pay for health insurance, who is going to buy the food ? The is nuts and ALWAYS ends in failure.
This admin will try to suck, steal, heist every penny possible from the GSEs. This has been their plan all along.
No disrespect but Glen Bradford's fantasies of this admin coming up with a plan for release is lunacy at its best.
It appears the only thing that will stop this circus show is a Constitutional case. Most likely all others will be cast aside.
HERA continues to-be the Laughing Stock of Law/Order
The GOVT ( including the coward courts ) follows HERA when they want to and completely ignores it when they want to.
Its tantamount to Fraud what FHFA wants-to-do
Having Fannie and Freddie manipulate financial records so someone can get a loan that they are not really qualified for.
I know its crazy.
Anyways I enjoy reading your post. You always have lots of good information to absorb.
Its the GOVTs Job to provide these Prop-Up-Programs
Fannie Mae and Freddie Mac are not the GOVT and have no business getting involved in these type of programs / schemes.
Brilliant idea hide the no payments !
What as clown show FHFA is trying to run.
Approved 500M in 4th/QTR share-buybacks 2.5B future buybacks
I see the Marathon Oil Corporations BOD have authorized huge buybacks going forward
1. 200M already bought back
2. 500M in buybacks in the 4th QTR
3. Total of 2.5B worth of buybacks authorized going forward.
I like how 2022 is shaping up for MRO.
$18 by years end and $22 in 2022
If everything remains the same I see the stock moving to $18 by years end and with the companies stated commitment to shareholders should see $22 sometime in 2022.
Long and Strong...(MRO)
The Court ROUZE concerning Direct or Indirect Claims
This is all nothing more than a tactic used by the GOVT in order to play out this game against Fannie and Freddie equity holders.
The scheme being played out of I don't know if its Direct or Indirect Claim has worked for many years now. Its all about buying time and trying to wear out the plaintiffs.
The truth - all of these lawsuits are both Direct and Indirect. Lets see how much longer the courts can LIE their way thru this.
This happens ALOT in real estate
Of course most people don't have any patience so they buy immediately and end up not happy with the purchase.
Then they want to backtrack to make the house into what they really wanted in the first place and the remodeling starts.
The next problem is when do you stop the remodeling - For some people that is a 64K dollar question. I had a family member (uncle) go bankrupt twice purchasing two different homes that he could not stop with the upgrades to the houses. Yes it happens.