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Wrong again, give up.
Covolute with nonsense all you want, you're still WRONG! Yellen has said nothing, everyone here except you realizes that. You still believe your Calabria bible he wrote, which does not apply. He was FIRED. Do you know why? Do you think it's because this admin thought he had all the answers they needed? You're lost and hopeless, quit wasting my time. Ignorance from you will always be argumentative, you provide no factual basis, only conjecture and misleading half truths based on YOUR OPINION.
Convolute and make up nonsense all you want, you're still wrong.
I don't think this admin worries about violating the law or judicial decisions.
Something fishy going on with that interest order, for sure. It should not be drug out like this after many years pursuing the case. Lamberth up to no good.
Lol! Good monday chuckle.
Anything is possible, given the right circumstances. Beware anyone who is locked into a paradigm and pushes that paradigm via big legal talk. The law in this is fluid, we know this as a fact since amendments have been done, but also illegal rule making, which we also know the MQD disallows to a certain extent and courts are also establishing conservatorship law as we go along. Plus, courts have been huge unknown factor due to their obscure and at times azz backwards rulings.
Anyone pushing their bankruptcy knowledge is dead in the water. Not one court or case has been about bankruptcy. So weigh it for what it is. The Senators new letter did not say the GSE's were in bankruptcy, etc. So anyone subscribing that they know better because they've been through 1,000's of bankruptcies does not know what this really is.
Yeah, exactly. Those here who keep saying they know the outcome hands down, have no idea what political calculus factors in or out of this as we progress towards a fifth administration. As political winds blow, we get upheaval and little done towards actual release.
The senator's letter posted by navy was a big plus in my opinion. There's a connotation of a law suit threat of the MQD being challenged. We need more Senate and Congress, plus some good honest media coverage.
With that Senate letter calling out all the MQD and other trickery, it's about time other notable people piled on.
Those Senators on the letter have enough clout and connection to get congress cracking on whatever needs to be done. Let's hope enough politicians are finally being driven insane by our board instigators! And folks on X
You have proof of this document to share?
Well....the irony might be in place! Bradford saying Sandra T. Would be the apex for release, probably did not count on her screwing tge pooch like she did, and pissing off the banking committee, lmao. Her stupidity and party loyalty will be the downfall of this admin's FHFA. Could very well lead to a release DURING the election, at no benefit to either party. That would suit me just fine. 👍🤞👍🤞
I don't see why not, she flagrantly decided not to follow HERA, but instead political marching orders.
It's long past time to get their molasses azz's in gear, and start punching back.
On another note, the Senators did us a solid one! They pointed out the unconstitutional action of FHFA. What's that exact clause again about if anything about the conservatorship is found to be unconstitutional, blah, blah, blah. Let's hope all those GSE case lawyers are watching this and parsing that letter real good, to use in their court proceedings!
The Senate just provided what the courts said Trump did not clarify enough. Go Senate banking.
Good smack down! Now let's forward that letter to every lawyer involved in every suit, including the Lamberth suit, since this applies as a damage by government mismanagement, which government should be compensating for.
I truly hope there's an FNMA class suit, the ammo box is expanding!
I believe it's most likely a check you get in the mail.
Plenty of folks here to take in the closet and have bean stew with. Lol lmao
Loved that one! From aways back
The eruption begins?🤞
What does there CURRENT treasurer say?
Anything else is irrelevant and useless.
The situation has changed enormously since then and will keep changing.
It's always more exciting to lie, Eh? Hard to be truthful.
There ya go again, trying to post opinion as fact. I hope someone follows your misleading rhetoric and then has the mind to find you and sue. Some here keep a library of posts. I'd be careful not fully disclosing, Bitcoin pumpers being sued left and right currently.
Don't give him anything from CNN!!! He'll get whiplash and need one of those collars.
Mmmmm more like huge ego trip. OR just loves being argumentative?
Those exec privileges should be null and void once a case filed by citizens is initiated.
They are calling out the theft of shareholders, maybe not in total, but the on going theft! By calling out the FHFA's socialized money give aways opposed to conserving like they should be doing. How can you capitalize and conserve by creating rules for the GSE's to cover point costs, etc, and for the GSE's mandating cash give aways for the "affordable race centric" money give aways? Remember the law says that the primary job of FHFA as conservator, is they must put the companies back into a safe, sound, solvent condition. I don't think HERA says anything about providing GSE capital for free housing, in fact it states to the opposite. Thompson has done the opposite of the HERA mandates with socialized give aways, either by messing with who qualifies and how with special rates, and by directly appropriating fundings of 1 billion plus towards affordable housing. That is not FHFA's job, not when wearing the GSE conservator hat. There in lays the problem. The FHFA at the end of the day should be safe keeping the mortgage markets, their fairness and solvency, once that becomes a biased exercise that exposes the GSE's to capital risks, it's no longer about fairness, because you are risking the entirety for the sake of pacifying a small group.
Took'em long enough to call out the Non-CONservatorship, illegal FHFA shenanigans! It would have been even better if the senators on that letter had a scotus suit challenging the FHFA's policy mandate attached. This is why release will get done, I thiink. Too much manipulation of the GSE's with each different administration or FHFA head. It keeps signaling constant disruption to the mortgage markets, which in turn drives up cost because of having to implement flavor of the day policy tactics. I believe this is why the different large mortgage places/organizations and banks are getting more involved, more vocal.
Each party trying to destroy the GSE's with their own rules, regulations or other nonsense mandates. Calabria with his 4% capital rule, now Thompson with racial housing mandated marching orders. It took them a couple FHFA heads and a few court cases to establish how each party would manipulate the GSE's.
That's probably on the high side. And, they could care less. The majority are there for one thing only, pocket lining.
Yellen has said nothing. Lol
This is what I mean. Pluck things out of the past, use out of context with the current situation. It was probably a partial quote or half a sentence also.
As Guido says, snake oil.
The JPS would do well to take your advice...seriously.
They have a one sided theory, pholosophy.
Commons posters are discussing possibilities, JPS are discussing their flavor of the day, as sure as the sun rises and sets, god given and undeniable outcome, based on?.....
The FHFA is going to have a tougher time giving the GSE's earnings away for socialized affordable housing with rates this high. Fewer will be buying, builders are already pulling back because many are opting to wait until a major change in rates and home prices. Yet there are those (crazies) saying everything is perfect! Lol
yeah his court room Latin impresses the living crap out of me! NOT. I was an alter boy many years ago, when they still did Latin mass, so my Latin understanding is not lacking. The JPS will be screaming pari passu when common value is where it should be after release and JPS price is languishing at about 1/3rd of their touted par value and yet without any dividend.
Whoa whoa whoa, hold up a second there little buddy. You need to take a step back and understand one fundamental concept. Treasury has the right to own 79.9% of the commons and commons alone. The JPS aren't touched. You seem to think that commons and JPS are pari passu. They are not. Hence why JPS are "preferred" shares. This 'preference' places the JPS in line in front of commons for recovery purposes.
If we are zero, then so is JPS. It's not a bankruptcy though, never has been. A taking, plain and simple. How many times has it been stated that commons/JPS own the approx 20.1% and government seniors and warrants the other 79.9% ?
You can not be 20.1% of zero. Government can not be 100% of 79.9% without adding the liability to the debt. The conservatorship has had fraudulent agreements take place, which are being challenged and may yet still be challenged.
The restructure began in 2008, and is approx 100 billion to date. The capital rule will be lowered - watch. This is not a typical bankruptcy, nor restructure. It never was a bankruptcy, or, like all other bankruptcy's a judge would have been appointed. The GSE's never filed for bankruptcy, neither chapter 7 or 11, so pushing this uphill as being a restructured bankruptcy or whatever you guys are deeming it now a days, is incorrect, big time. Government has stated shareholders own 20.1% and I've seen absolutely zero from any reputable source saying commons are zero and JPS ate rich, or vice versa.
The guy is as sanctimonious as they come! He has no idea .
Yeah, everyone needs to climb aboard the Bradford Titanic, while KT and man with no name keep directing the band and rearranging the deck chairs. Lmao
One difference, the snake oil salesman in the old westerns was always easily made to fold up shop and giddy up chased out of town. 🤔
Sarcasm... 👍
Yep, that's for sure. We have the best government everyone's money can buy! Let's start making them wear those Nascar type suits, where the biggest patch represents their biggest campaign contributors or lobbyist. At least then we'd have a little transparency on Cspan or at those televised congress and senate blab sessions.
The more patches, the more you're bought like a cheap hooker.
Thanks Rick and Trunk for getting us some payback, lmao
Months?????? Oh you child of yesterday! Lol
The plantiff's will not be debating on whether to pursue further money gain because it will only take months.
I think you're getting it now, bravo!
We could go the opposite direction though , if we get in front of an honest judge. JMHO
Yeah, Exactly. He assigns it a zero percent probability. That's not trying to influence at all, Eh? Lmao. You guys keep shooting yourselves in the foot.
How about I'm going to start saying there's zero percent probability that JPS survive. Or ever get a dividend, or ever reach par? I'll just state that as fact, like KT does. Guess what though? He has no frickin idea, like the rest of us.
Anyone here can make a strategic assumption for or against their own guess at what will happen, but pushing and selling your rhetoric on others as facts by using partial quotes, old books by old FHFA heads, AIG case you see as similarities from long ago, all of this nonsense is nothing but your supposition, or your manipulated by others belief on what will happen and is God send, carved in stone.
Others here have varying perspectives and are way more open minded to the situation. We are not pushing bankruptcy fallacies, restructure fallacies (it's been going on for 15 years,!) Cram down fallacies. I don't deny anything is possible, but stop the pushing down the throat of others that just because you have conviction about a particular outcome, does not mean at all that something different or far different can happen. In other words, quit spoon feeding those who don't want your BS THEORY'S