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“In leadership, life and all things it’s far wiser to judge people by their deeds than their speech - their track record rather than their talk”
– Rasheed Ogunlaru”
GSE Ballad: GSE YIELDS FOREVER
Another 4th of July, Fannie & Freddie still Indentured Servants
11/244's or 4.5% of our history as a country has been Under Conservatorship, that's more than time than the time it took us to fight our two biggest wars, II and the Civil.
Fanniegate Blues #7: Fannie & Freddie are Indentured Servants
Lyrics by Tim Rude, performed by Blind Sheep Investor (this was the 99th Take and the 99th bottle of beer...)
As do many others, I hope with each new one it will be my last...
Haha Thanks!
"Due to the support of viewers like you, the GSE Ballads have achieved more than 20,000 clicks on YouTube as well as gazillions (well some) Impressions on Twitter, all without any Media Coverage ("reporters" run in fear from me)."
& when I write the opera "L' #Fanniegate", I figure I've already got most of the material, sweet huh?
Steve The Nooch has his own GSE Ballad
Steve the Nooch (Die Moritat von Steven Mnuchin)
Profits and Parades
I heard that during the previous Administration, the GSE's were a great bigly Cash Flow for whatever the President wanted to spend it on, in that case healthcare for millions who now fortunately are off the rolls.
You you don't think...naw...
Nearing Eleven years of the #FANNIEGATE BLUES
Here's an Oldie, not necessarily goodie:
#FANNIEGATE BLUES
I heard Whelan is leading the P51 Flyover of the National Mall on the Fourth of July. Should be glorious!
Being called a "White Knight" is a lot better than what they used to call him, "Greedy Hedge Fund Vulture" etc. Without the support of investors big and small over the last twelve years, things might not have turned out so uh profitably for the US Government, so they need to throw out a bone or three here.
Faith, Hope for Charity...
An Insider's Insider, she's sniffed the top dogs and is ready to go whole hog. The Five Star Institute gave her their Stamp of Approval so IAG.
Faith Schwartz, Principal, Housing Finance Strategies, LLC
Chairman, HLP
Board Member, RiskSpan, Inc.
Faith is a principal at Housing Finance System Strategies (HFSS), where she advises clients on strategic opportunities in housing finance. She has held executive level roles in mortgage banking for almost three decades. Most recently, Faith led a Washington office for CoreLogic where she led a Federal contracting business and created a Government affairs office. Prior to this, Faith led the crisis era ‘HOPE NOW’ Alliance, a coalition created to bring together trade associations, servicers, lenders, investors, Federal Reserve Banks, Treasury, HUD, and government-sponsored enterprises (GSEs) to help homeowners avoid foreclosure where possible. Faith testified numerous times to Congress, The Federal Reserve Board, and CA state legislature on progress throughout the financial crisis.
Faith has served on many industry boards and advisory committees such as the Federal Reserve CAC, Housing Policy Council, HPEC, SFIG, CSP advisory committee, President of WHF, MBA, and is Founder and Chairman of the Board of HOPE LoanPort,(HLP) a non-profit web portal which provides a communication loan workout vehicle for borrowers, counselors, and investors.
The Mortgage Banking Magazine centennial anniversary edition-honored Faith as one of 20 Distinguished Industry Women in the history of mortgage banking. Faith was highlighted in the 2012 Housing Wire’s Women of Influence. She also received a lifetime achievement award from the Five Star Institute.
https://www.gorion.com/blog/author/faith-schwartz/
"To GSE or not to GSE, that is the question...."
Yes, 'the laws' delay' can be found right there in Hamlet's famous soliloquy:
hmmm...
HAMLET: To be, or not to be--that is the question:
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune
Or to take arms against a sea of troubles
And by opposing end them. To die, to sleep--
No more--and by a sleep to say we end
The heartache, and the thousand natural shocks
That flesh is heir to. 'Tis a consummation
Devoutly to be wished. To die, to sleep--
To sleep--perchance to dream: ay, there's the rub,
For in that sleep of death what dreams may come
When we have shuffled off this mortal coil,
Must give us pause. There's the respect
That makes calamity of so long life.
For who would bear the whips and scorns of time,
Th' oppressor's wrong, the proud man's contumely
The pangs of despised love, the law's delay,
The insolence of office, and the spurns
That patient merit of th' unworthy takes,
When he himself might his quietus make
With a bare bodkin? Who would fardels bear,
To grunt and sweat under a weary life,
But that the dread of something after death,
The undiscovered country, from whose bourn
No traveller returns, puzzles the will,
And makes us rather bear those ills we have
Than fly to others that we know not of?
Thus conscience does make cowards of us all,
And thus the native hue of resolution
Is sicklied o'er with the pale cast of thought,
And enterprise of great pitch and moment
With this regard their currents turn awry
And lose the name of action. -- Soft you now,
The fair Ophelia! -- Nymph, in thy orisons
Be all my sins remembered.
Read more at http://www.monologuearchive.com/s/shakespeare_001.html#WxPVLk8moFsv3Rbl.99
Ackman sounds like Blind Sheep Investor, they're both singing from the same hymnal:
GSE Investors Know
GSE Hotel California
GSE’s are Bound to Roll
Gotta be thankful every day, it's all good from where I sit, I'm just happy to be here :)
I live in 'Buy You Country', a land where rich people can Buy You if they want to, because everyone has a price here. I hope the preacher attributed that to Dickens, but then Dickens likely was inspired by passages in the epic King James version of the Holy Bible so maybe it sounded like Dickens but was straight outta scripture.
Hahahahahaha!
"" It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only. ""
--Charles Dichead, "A Tale of Two GSE's"
Rick, If he keeps writing articles, Brokenclock will eventually be right...
Even the casual observer will note the twelve years long of #FANNIEGATE has been a leadership crisis; so I've provided them with the solution as a blueprint, in my new film, "l' énonciation":
The Long GSE Wail
GSE Hotel California
We've been trying to check out for twelve years...
Leave Our Profit Sweep Alone
Oh the Drama, will US Treasonary Secretary Steve The Nooch sing "Leave Our Profit Sweep Alone" again?
Where Did All the Profits Go?
Here's something to ponder about Fannie & Freddie:
The Long GSE Wail
GSE Hotel California
Still here? What?!
Annalisa makes some sweet Avocado Toast, you gotta listen to it jus to hear hear roll her 'r's, I hope Mark posts more Italian Recipes like this....
"Perhaps we’ll learn the full story at some point."
Hmmm...
jtimothyhoward
JUNE 26, 2019 AT 8:18 AM
"" Mnuchin has always said he would prefer a legislative path to removing Fannie and Freddie from conservatorship, but the midterm elections effectively closed that off, leaving administrative reform as his only practical option. And we know from the leaked remarks made by Acting Director Otting to the FHFA staff in mid-January that there was an administrative proposal set be announced “in two to four weeks” that “really sets a direction for what the future of housing will be in the U.S.,” and that would require raising “probably somewhere, based upon their business models today, [in the range of] $150 to $200 billion.” Something happened to derail that plan, and I believe it was a swift and fierce show of opposition by the banks and their supporters. Perhaps we’ll learn the full story at some point. ""
GSE House in Washington
Mark's busy tweeting about cats he saw and Italian restaurants, and who needs the FHFA anyway?
I interpreted it for you, Rick, and added my own acronym, courtesy of the recent SCOTUS decision:
' In my view, Fannie Mae and Freddie Mac post-conservatorship must be SIFIs.
For some, explicit designation has the downside of having FSOC move away from banking.
It would require FRB, with zero housing experience, to become the primary regulator.
Would the FRB be more effective than the FHFA, formed in 2008 for that very purpose?
Others say the conflict of interest in being both central banker that sets interest rates and regulator of the banking system would only be FUCT by having the housing finance industry also within the FRB purview. '
SMITH AND WESSON SALAD DRESSING!
The Long GSE Wail
I'm going, and I'm gonna be wearing this red hat:
Fanniegate Blues #7: Fannie & Freddie are Indentured Servants
Lyrics by Tim Rude, performed by Blind Sheep Investor (this was the 99th Take and the 99th bottle of beer...)
Fanniegate Blues #7: Fannie & Freddie are Indentured Servants
Lyrics by Tim Rude, performed by Blind Sheep Investor (this was the 99th Take and the 99th bottle of beer...)
The Long GSE Wail
“The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.”
--George Orwell, Animal Farm
Blind Sheep Investor is reporting on FANNIEGATE:
You get music too, but the GSE BALLADS* are some serious re-por-tage:
The Ballad of Fannie & Freddie:
GSE Hotel California
Hmmm I'm still in this hotel lobby WTF?...this is weird...it creepy here too
I still got some so I am still watching the basket!
I relied on them, that's why I bought the CTs in the first place. Who wants to know?
Sorry I meant to answer Mr. Ruud's concerns about "mission creep"
Did you read the article? It mentions some, that's not any.
In California, high end manufactured homes can easily price 400K and up. Stick an off grid 2000 sq ft home on an acre on the central coast and you've got an 800K one. I'd be more worried about the fire danger, people are building in ridiculous places now that it's easy to go off grid.