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Yes, for 4 months
Calabria thinks he has a year to negotiate with treasury.
Sure likes to take his time.
They're taking a break from chatting and buying more common.
This is a huge shift in responsibility from DOJ to HUD
This is huge shift in authority from DOJ to HUD
https://finance.yahoo.com/news/zacks-analyst-blog-highlights-bank-150603927.html
Paying dividends in 2 - 3 years is a long wait. Why would new investors invest next year?
IPO in Q2 or Q3???
What's the hold up?
Shows good day for commons coming.
Unconstitutionally structured Calabria is so inept he knows FnF can't do anything except what is in their charters yet he tells them to do otherwise.
Tell me, just what does Calabria do?
We'll said. FHFA acts like they have a say but they don't.
What do Crypto symbols mean?
You sure about that after the 5th circuit ruling?
Consider this: Maybe FHFA not subject to another federal agency, but what about a person who just happens to be employed at FHFA?
Try telling Treasury that FHFA is not subject to their supervision.
Try telling Treasury that FHFA is not subject to their supervision.
I thought it was November 18
Doess the Federal Reserve pay for FHFA or does the stolen money from FnF pay for FHFA?
Maybe ABA gave Foster the questions to ask.
Calabria looked smug after he said that. Thx for the clip, first time I listened to it.
FHFA has lost sight that their responsibility is to conserve and preserve FnF.
That's Calarbria speak, if he said it at all, is to mean circumstances don't call for it.
Maxine is too late. The courts have this. Alternatively Trump can issue an executive order. Enough already.
Not good at all. The intent is to tie the hands of FHFA, preventing them from making any changes to the conservancy. The original version of this tied the hands of FHFA from 2015 until 2017.
The idea is to keep things just as they are until congress can legislate changes to Fannie and Freddie - then they can be released. And we know that if we wait for congress - that would be never.
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Quote:
Oh Boy... Maxine Waters time
On Tuesday 10/22 https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=404485
“, Discussion draft that would prevent the Treasury Secretary from selling preferred stock of Fannie Mae and Freddie Mac and require the FHFA Director to provide Congress with 30 days’ notice before making any policy changes [DRAFT]”
So this means Warrants can not be executed in selling SPS which will not dilute commons. This leaves Mnuchin only one choice if this draft bill passes... credit, cancel and write off treasury’s warrants to help release the GSES!!!
Maybe Waters bought a ton of common stock.
It still just irritates me that FnF will take direction from unconstitutional FHFA but will to expedite move forward
When they reach the new threshold will Calabria just up it again?
Calabria is trying to save face because he didn't want FnF to exit Cship until the end of his 5 year term. This is being forced on him.
Sounds to me that we can expect in November for Calabria to announce that they do not need to re-propose capital rule.
Why is Calabria talking about re-proposing capital rule?
Sounds like another mis-statement.
Watt to Calabria, FHFA Directors
Stickies can only be removed by the moderator who posted the sticky.
Interesting that the article came out after the recording of the Bhatti case.
Calabria may have a little better than 1 year at his job, but that's the most.
That board existed, but it's already deleted.
Neither FHFA nor Treasury have existing authority to write an agreement with FnF.
If you accept that they do have authority to write an agreement that is great for shareholders, then you also accept that they do have authority to write an agreement not great for shareholders.
Calabria has no advantage at FHFA now because the courts said FHFA was unconstitutionally structured. I see no benefit of having FHFA at all, it is not allowed to sweep 1 single red penny from FnF.
Possibly a dozen or so regulators to monitor fees, etc. These regulators do not need an entire agency to do their job. Maybe have them report to either HUD or Treasury.
Wow. Give yourself the Eagle Eye award.
https://investorshub.advfn.com/boards/getboards.aspx?searchstr=fnma
It's only for fnma. fmcc does not have it.
https://investorshub.advfn.com/boards/getboards.aspx?searchstr=fmcc
Please explain your question further.
Just to whom is FnF going to consent?
FHFA is unconstitutional and Treasury is not the conservator of FnF.
I scream BS, this is a story Calabria is spinning as if he has any legal say.
Mnuchin, phase 1 agreements with China almost done. Then onto phase 2. Let's hope he works in time for FnF https://www.cnbc.com/video/2019/10/14/watch-cnbcs-full-interview-with-secretary-steven-mnuchin-on-china-trade-progress.html
Mnuchin maybe talking about China.
With Maren Kasper abruptly leaving Ginnie Mae October 18, it looks more and more like a merger among Fannie Freddie Ginnie.