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And , this was a loan with interest, not an insurance policy. So not exactly apple’s to apple’s
Sure ... but they also don’t require you to pay anything above and beyond your policy either !
Sadly this may very well be a possibility!!
Even by that reasoning, their hasn’t been a deepening of the crisis and their hasn’t been an emergence of another one . So therefore how can they lay claim to the insurance policy that has no incident !
I whole heartedly understand the way you feel !!! This is beyond ridiculous . Even though collateral must be returned upon repayment,and repayment must be allowed unless you are the mafia .
You are absolutely right !! That is their intention folks must acknowledge..
No problem my friend, cheers !!!
Exactly!!!
Ah...twitter and politicians another great combination... like gonorrhea and syphilis!!!
Good question...
But what I would like to know is what did we just get hit with ?? It seems like Calabria is running a smoke screen for what’s happening in the courtroom today .. Jmho
The point being is that both sides have had champions aiming at killing the GSE’s at our expense. And we have always taken it in the shorts . But I really hope this time we get a little justice and that we hold everyone accountable for their part in this!
What I will agree with is that it started with the American housing act .. of 1949 we’ll before Clinton , all he did is doctored it and screwed it up just like he screwed up with NAFTA , Glass Steagall and good ol’ Monica to name a few ..
I’d be glad to retract any false statement that I made if you could point one out .
Still refusing to give up that tribalism I see !! Whatever .. if you read my comment you will see I mentioned that BOTH parties have had a hand in killing the GSE’s it really doesn’t matter who did what they both want them gone I’ve been invested in them both long enough to know that much
Absolutely!!! I’m amazed that people on this board seem to forget that it was a republican administration and largely republican representatives that started this whole mess ! Which boggles my mind how folks are constantly saying that this administration is going to “lift up the GSE’s “ . When in actuality they have only been giving lip service to that fact . I am also not above pointing out that the previous “democratic “ administration did exactly the same thing ! The point being that they are all guilty of running a planed takedown of the GSE’s come hell or high water! Out only recourse lately has been a single favorable court ruling that I hope starts an avalanche of favorable rulings that will FORCE justice.
Possibly or .... shareholders are just fed up with the steady pumping and dumping with these idiots (politicians) and are waiting for real action not just head fakes.
You got that right !! I love that quote!
All of these “smart “guys some how can’t figure this out ... they say this is so complicated and complex ... I tell you what’s complicated trying to make 2+2=5.... the truth is never complicated
This reasoning is contrary to how business is done normally!! You said it yourself the warrants were “collateral “ against a debt , and once a debt is paid collateral is null. If you take out a loan and use your car as collateral once you pay the loan off they don’t keep your car they give you back the title and you go on your marry way . And they must be considering themselves paid back if as you say they are giving back 160b for recap.
So the agenda is still the same just a different playbook!!
And they are still being squeezed... what no one is talking about is the fact that they are saying that the twins can now retain 20B per year so what if they make 21 or 30B for that matter will they still sweep everything above the 20B mark ? If so they are STILL being squeezed!
This is more political bull ... basically saying that they are keeping the sweep in tact for now , even though it’s been ruled as not part of “preserve and conserve “ more nonsense that needs to stop!
Absolutely!! Even worse is the fact that they keep saying that the twins had to be “bailed out” which is absurd, if the GSE’s were constructed with an (implicit/explicit) guarantee in their charters and had to make a withdrawal (which they didn’t need ) then it’s not considered a bailout !!!
Well just as I thought, once we start gaining one of the acting muppets would jump in front of a camera or reporter and say something to throw a wrench in the whole thing . Calabria just stated that the new capital rule is months if not more away from being released. Because it’s “ so complicated “ . It’s complicated only because they are still trying to get away with something and at the same time lying to the general public. Here’s a hint idiots, tell the truth it has a way of making things in complicated!!
What also doesn’t make sense is attributing the positive direction that we are heading in to Trump or any politician for that matter. We are where we are because of the courts (5th district to be exact) . And it will be the courts that force more change in the right direction.
The worst thing about this circus is listening to these two ( treasury and FHFA ) talk about negotiating a settlement, the two who instigated the theft in the first place . It’s ridiculous!
You are absolutely correct!!! Just needed someone to talk me off the ledge!!! LOL
Yea you are absolutely right !!
Right !!! I really think that’s all that’s keeping me from selling too !lol
I certainly hope it’s moving
I tell ya its getting real hard to not just throw in the towel and sell !!! I’m really fighting to hold on !! I’m really fed up with all of this , and mad at myself for letting this much of my money stay held hostage by these idiots, since 2009!!
To me it seems that every time these wing nuts get in front of a camera their goal is to sabotage the shareholders pps , they know that the clock is ticking on possibly returning money or giving up the sweep , but until then they are going to make life difficult for any and all shareholders!!
Umm...yea if by historically you mean since conservatorship!!
I agree!!! Someone confused the word “plan” and “hope” they are not synonymous in this case. It seems as if they purposely go out of their way to come up with ways to say and or do nothing at all.
In fact some of the politicians involved in this debacle make statements like “ the crisis was caused by Fanny & Freddie loans” it seems as if even some of them have no clue , as well as some of the judges presiding on some of these cases..
I see ..
That being said .... it still doesn’t excuse the hit the politicians just executed on the GSE’s and to top it off , when their plan didn’t go their way they just decided to keep them in limbo for all these years !
Exactly!!!