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Which month
haha she dont say
The Long GSE Wail
Hmmm... actually it's worse than that
it's not just any poster, but one with a long documented record of inaccuracy...one may as well read Tarot or pray to the divinities (of your choice).
They're very gullible, they'll click on anything that's in ALL CAPS!!!
--It's how I get most of my clicks, and they don't even get that I'm mocking them haha
haha a classic
looks as if he's aligning himself with the conspiracy theory buffs, he ought to get some traction with that crowd...
Trade Wars are easy to win...
I recall hearing that from Dear Lieder when this all was started by him. Too bad this and the other self inflicted uh wounds may distract him and his team from finishing the Plan
Plans can be withdrawn...
The previous rumor was the plan was "Done"...what makes you think it is still being worked on?
Blind Sheep Investor is reporting on FANNIEGATE:
You get music too, but the GSE BALLADS* are some serious re-por-tage. Call up your local radio station and demand they put the GSE BALLADS on Heavy Rotation:
The Ballad of Fannie & Freddie:
GSE YIELDS FOREVER
Fanniegate Blues #5: E for Evidence
**Otolahryngic Warning**
May cause Temporary Hearing Discomfiture. As always, if you don't like it, please remember to forward the link to all your Elected "Representatives":
Fanniegate Blues #5: E for Evidence
Fannie & Freddie are Indentured Servants
Fanniegate Blues #7: Fannie & Freddie are Indentured Servants
GSE YIELDS FOREVER
it's not what they say, but what they do...
nothing!
The Ballad of Fannie & Freddie:
Voodoo Economist (Slight Return)
Let's lower interest rates and borrow more money because we lowered revenues by cutting taxes.
A MUST READ: Josh Angel's "Government Perfidy"
GSEs: "" the country’s best investment since the Louisiana Purchase.""
Link already posted but here also, thanks to curious999!
http://gselinks.com/pdf/Govt_Perfidy_Angel.pdf
GSEs: Now, Not Later
Almost two years old now...
Weird scenes inside the gold mine
"" Expect divergences as we move forward into the next cycle which will peak in 2024. Expect wild movements ahead on the yield curve as well. ""
That would take a real month of Thermidor, that ain't gonna happen here any time soon.
GS is what serves as Old Money These Days, why Stevie himself is a second generation alum.
Mnuchin's dad has moved on from his GS days to Dealing Art, he's got money to throw around:
"" Contemporary art purchased by [Dad] Mnuchin on 16 May 2019 broke the record price for a work by a living artist. Jeff Koons' 1986 stainless steel sculpture titled Rabbit was purchased at an auction in New York for US$91.1 million.[16] ""
https://en.wikipedia.org/wiki/Robert_Mnuchin
Never let a good crisis go to waste, some old scores got settled there...
can is getting kicked?
Is the Fix in? If you're holding through the En Banc, better have some dry powder ready imho in case it goes south on us, but they can just appeal it and delay some more if they lose.
The Excuses are flowing: Steve's too busy with China, it's Congress' fault, blah & etc.
Wild Cards are Collins, Sweeney court, but appeals would be equally appealing to the Govt if they lose those
Who's this "we" you are talking about?
"I see it as bold aggressive executive action in a crisis --- exactly what we want from leaders"
GSE Investors Know
A better use of their time might be to contact their two senators and one Congressional representative, as well as call or email the President. He just said he responds to a lot of complaining, and over only a $10 billion software contract, so I'm sure once he hears from the Loud and Longs here he'll get right on it.
What's the Over/Under on Mnuchin leaving by the end of the year?
I say Steve the Nooch will be the fall guy for a looming China Tariff Fiasco impacting Retail's golden quarter; his replacement no doubt will be wanting to lower interest rates to zero and return to the gold standard, so they'll backburner the GSEs; after all, they are a ready, steady cash flow and why not, times are hard, we're a trillion in the hole amidst an ever-increasing burn rate and Congress can't make up their minds so its their fault. Oh, and rumor hath it that Steve's wifey don't like DC.
It's not that he can't, but he hasn't; even though he spoke words about addressing the GSEs (a while back now), despite many personnel moves on the #Fanniegate chessboard in recent months we've yet to see a plan, the sweep keeps a-sweepin', and, despite all the hand wringing, capital remains essentially nada and the taxpayers remain on the hook for any losses.
The Ballad of Fannie & Freddie
Here's the Mother of all GSE Ballads for all you Patriots:
or email the President re #Fanniegate:
https://www.whitehouse.gov/get-involved/write-or-call/
Trump responds to a lot of complaints, call him:
We must not be complaining about #Fanniegate loudly enough and often enough, and if we do, he'll no doubt get right on it, because as you may see from below that the President is very concerned about the many complaints he's received over what is only a measly $10 Billion software contract; imagine what he'll do when the combined complaint power of this board broadsides him:
"I’m getting tremendous complaints about the contract with the Pentagon and with Amazon," Trump told reporters in the Oval Office. "They’re saying it wasn’t competitively bid.
“Some of the greatest companies in the world are complaining about it, having to do with Amazon and the Department of Defense," Trump continued. "And I will be asking them to look at it very closely to see what’s going on because I have had very few things where there’s been such complaining."
https://thehill.com/policy/technology/453757-trump-to-request-review-of-pentagon-cloud-computing-contract
Call him up and tell him what you want!
Call the President
PHONE NUMBERS
Comments: 202-456-1111
Switchboard: 202-456-1414
THE GSE-MOJI MOVIE
You're talking about the SECRET TREASURY PLAN
that plan was reported on years ago by Blind Sheep Investor, Carlos. No scoop for you!
SECRET TREASURY PLAN
The Plan is: GSE YIELDS FOREVER
I may not know when but I know why: they want GSE Yields Forever
Why, here's former Treasonary Secratary Jack Loo on that very subject:
Hmmm, look at those clashing clothes, a sign of early onset Dementia no doubt.
"Leave Our Profit Sweep Alone"
GSE Hotel California
How much are the Moral Damages?
Morals aren't a subject I know much about, so I'll appreciate your input. I want to compare them to another poster's Treble Damages, to see which one is higher. Note that usually Treble is higher, basically.
For what its worth I thought Friday's pop came more on the Debt Ceiling News (probable removal of a major impediment to "The Plan") vs. Gasp-a-rino's latest claim, whatever it was.
Yo Carlos; not even, it was the Power of Song that caused the shares to rise. You can google it, but I put it here to make it easy for those here who do not know how or may be unable to google, enjoy, it'll set your toe a-tappin':
Let the GSEs Rock
My whole life, whenever I've had to take a test, I've averaged in the top 2%, so I'm used to it.
The Long GSE Wail
Seems like a good time to post this in case uh anyone missed it:
https://themreport.com/news/government/04-12-2016/the-truth-about-the-gse-profit-sweep
capisce?
The Truth About the GSE Profit Sweep
in Daily Dose, Government, Headlines, News April 12, 2016 543 Views
A federal judge unsealed documents related to Fairholme Funds’ lawsuit against the government over the sweeping of GSE profits into Treasury that may be undermining to the government’s position that the profit sweep was in fact a way to protect taxpayers, according to media reports.
The federal government amended the terms of the bailout in August 2012 to sweep virtually all of Fannie Mae’s and Freddie Mac’s quarterly profits into Treasury. Fairholme, a Florida-based mutual fund that is one of the biggest GSE investors, sued the government in 2013 over the profit sweep, and the suit is still pending. The year 2012 was the first year of profitability for Fannie Mae and Freddie Mac after they received a $188 billion taxpayer bailout in 2008 to avoid insolvency. Under the pre-August 2012 terms of the bailout agreement, the GSEs were required to pay only a 10 percent dividend on their draw from Treasury.
Lawyers for Treasury claimed early in Fairholme’s suit that the GSEs were financially weak and that the profit sweep was a way to protect taxpayers from another bailout. Judge Margaret M. Sweeney in the U.S. Court of Federal Claims, who is presiding over the Fairholme lawsuit, unsealed depositions this week related to the case that point out that the government was aware of the profitability of Fannie Mae and Freddie Mac in 2012, however.
One of the documents unsealed this week was a deposition taken last July from Fannie Mae’s former chief financial officer, Susan McFarland. In that deposition, McFarland said she told high-level officials at Treasury in August 2012 that Fannei Mae was “now in a sustainable profitability, that we would be able to deliver sustainable profits over time,” according to the New York Times. McFarland also said in her deposition she told the Treasury officials that Fannie Mae would soon receive $50 billion in income from a deferred tax asset.
A little more than a week after McFarland met with Treasury officials, Treasury announced to the Federal Housing Finance Agency, the GSEs’ conservator, that the terms of the bailout agreement had changed. McFarland said in the deposition that her meeting with Treasury officials is what prompted the government to change the terms and sweep all of the GSEs’ profits into Treasury.
“If Ms. McFarland’s testimony is correct, then the reason given for the sweep was a falsehood since the Treasury was well aware that the company could pay its dividend.”
Richard X. Bove, Rafferty Capital Markets
“If Ms. McFarland’s testimony is correct, then the reason given for the sweep was a falsehood since the Treasury was well aware that the company could pay its dividend,” said Richard X. Bove, VP of Equity Research at Rafferty Capital Markets. “Apparently, the government was also aware that Fannie Mae did not have to pay the dividend in cash. In essence, even the reason that the sweep was necessary to save Fannie Mae’s cash position was incorrect and the Treasury knew it.”
Another deposition released this week was from Mario Ugoletti, a former Treasury official and also a special adviser to the director of FHFA. Ugoletti signed an affidavit stating unequivocally that neither Treasury nor FHFA anticipated in the months prior to August 2012 that the GSEs’ deferred tax assets would be reversed and that such a move was “not intended to increase compensation to Treasury, according to the New York Times.
The New York Times filed a motion with the Court of Federal Claims in July 2015 requesting that the government unseal depositions from key government officials related to the Fairholme suit, including that of Ugoletti.
"The government would like to make people believe that the bailout of Fannie and Freddie was unique and unprecedented. It wasn't,” said Tim Rood, chairman of business advisory firm the Collingwood Group. “The government's 'bailout playbook' has been battle and market tested with the automakers and AIG. The government infuses the companies with capital in exchange for debt and stabilizes the businesses and allows them to rebuild capital. And once the businesses are sufficiently healthy and well capitalized the government converts its debt to equity and liquidates position. The GSEs inherited debt that they were contractually never able to repay under any circumstances. Government owned less than 80 percent of the companies yet swept 100 percent of their profits and reserve capital.”