Joshua 1:9 Have I not commanded you? Be strong and courageous. Do not be afraid; do not be discouraged, for the LORD your God will be with you whereve
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Peter Chapman writes, "Cause of Action Institute filed a complaint in the U.S. District Court for the District of Columbia today seeking access, pursuant to the Freedom of Information Act, to all records transmitted from FHFA, Treasury and other agencies, to the House Committee on Financial Services. Chairman Hensarling, supposedly, has directed FHFA, Treasury, and other agencies to shield those records from public view."
http://gselinks.com/Court_Filings/Bhatti/17-cv-02185-0019.pdf
This is a win. Good news.... Thanks for posting.
Fast legislation??? You are kidding yourself...
Corker has Mnuchins ear.... What???
Cook the books??? ..... We're watching.... that ain't happening
The sky is not falling....
The 75 day reference must be referring to the press release that always comes out with the earnings report. It normally states that a "scheduled" dividend (the sweep) will be sent to treasury. I believe the language will change on the upcoming press release to not declare a dividend. If Watt keeps his word.
I've looked into this and there is a scandal - they should return co to shareholders stop milking, remove implicit guarantee & stop bailouts https://t.co/SaE1wbcL3z
— Charles V Payne (@cvpayne) July 14, 2017
Breaking: #fanniegate perry plantiff file reply in support of petition for panel rehearing should be granted based on contract & prop rights pic.twitter.com/Eo7kQ46q2g
— standfortruth (@JaredALevine) July 6, 2017
I just rewatched this clip of Watt and Corker from last month. I believe he just may stop the sweep. Watt looked aggravated at Corker.... I hope Watt makes an announcement that the sweep is being "suspended" while Corker is in about a 3 hour hearing and won't be able to cover his short.
https://www.c-span.org/video/?c4669605/mel-watt-sen-corker
Mel is warming up down in the bullpen. This didn't turn out too good. I'll try to make a better one tomorrow.
The last 12 minutes of this video is epic. I hope someone will create a short version and get this out there. Jerome Corsi is getting his info from the White House.
The Administration has not publically stated the way forward for Fannie and Freddie. Do you think they don't know and are still studying the issue? No way.... I believe Donald Trump and Steve Mnuchin have known for months and are waiting till the time is right. They'll take a little heat for it.
I also believe Watt is on board too. You know he wants FnF to continue to do well under his leadership.
That is a possibility and I have considered it myself, but I don't think so. Judge Sweeney did shoot down Sammons in his attempt to get the case moved to a different court.
Thanks Action, I've noticed that you and I agree a lot. Some positive developments have been happening. Mel's been driving these cars for a while now. I believe even he has seen the light and he wants to see them safe and doing well. STOP THE SWEEP! GLTY
That's right sebCS. I've pointed that out also. Mnuchin was definitely speaking freely in that first interview. He seemed excited about the possibilities. Since then, nothing but poker faced. I believe that first one was the real deal.
Good Job Wei. Welcome to the board:)
It sure is. Mnuchin... I hope I can stay up and watch it. Gonna be a long night. Thanks
https://www.c-span.org/video/?428775-1/treasury-secretary-mnuchin-defends-fy-2018-budget-tax-reform
That's Mulvaney!! I wish you had found this earlier. Lol. I guess I better get to watching it. Thanks
https://www.c-span.org/video/?428774-1/senate-democrats-omb-director-clash-fy-2018-budget
I agree with you, but I do think he will support Watts on stopping the sweep. Beyond that, I think he will play his cards close to his vest.
[quotethe stock going up tomorrow is not his priority nor likely his preference.
he's focused on the long game and at the moment his power increases mightily in 8 months. ][/quote]
Corker is not very smart. He already has allegations that he has insider trading. During the hearing with Watt he blatantly honed in on the one aspect that protects the interests of the Big Banks. Other Senators questioned about a wide range of issues... But not Corker and Crapo they were very eager to give away 10 billion taxpayer dollars.
Good one! Thanks
Senior @USTreasury official: Trump Admin is committed to revamping @FannieMae & @FreddieMac, getting out of govt control. $FNMA #FannieGate pic.twitter.com/IRX5zOAdos
— GSE Trade - Nov. '24 (@Fanniegate101) May 15, 2017
Why don't you "Preferred" head on over to the "Preferred" board.
If it's so GREAT....it should be really jumping over there on that board.LOL
Corker looked like he needed some "TUMS". He looked like what he just heard from Watt didn't sit too well on his stomach. Plop Plop fiz fiz.
I don't think there is any way Trump or Mnuchin should let congress decide anything as important as the GSE's. They lack the expertise. On the committee alone you've got a teacher and a businessman and a bunch of politicians. I say go with the pros at Treasury and FHFA and the administration.
I hope they do state the administrations position. You could be right. It's all speculation. I just think your going to see more "vanilla". No commitment either way. However when it comes down to the next sweep if Mel needs Treasury backing I believe he will have it.
I believe the word Watt used was "expeditiously". Watt had a gleem in his eyes when he told Corker that it needed to be done quickly. Watt knows congress can't get this done but he knows he needs to be on record of telling him that if necessary he is willing to do it unilaterally.
On this weeks hearing with Mnuchin and Mondays Phillips speaking. I hope they come out with the administrations position but, I really don't think they will. I think they would just as soon Mel navigate this if he can, with Treasury support only when needed. The liberal media will accuse them of helping all their rich friends and Hedge funds as soon as they take a position.
Atlanta42
"I agree that it gives mnuchin and Watt some cover...I just understand watt and mnuchins strong statements placing reform in the hamds of Congress. Congress cant get anything done....they are either corrupt or have no conception of the issues...its been years and they just let the GSEs rot. Leaving it up to Congress, it will be the year 3000 before the GSEs are freed."
I just finished watching the hearing. I think Mel did a great job. I believe he is going to stop the sweep!! He tried to tell Corker he is NOT going to have another draw on his watch period. Corker thinks something has changed recently, but he don't know what. Lol He looked like he needed some "TUMS"
I also got the feeling Watt and Treasury are on the same page.
Also, "taking action unilaterally" does that mean Watt and Treasury fixing it themselves if congress fails to act?
That is true. However, when Joe Light asked that question to the spokeswoman, he already knew what the answer was going to be. The status quo has not changed yet. When a policy change is officially made, then I believe there could be a different answer to that question. A spokesperson will state the current policy till the cows come home until a change has been made. Even if someone pinned down Mnuchin to answer, he would say the same. But I do believe change is coming. I hope
Everyone is so impatient. I still believe what Steve Mnuchin said in Dec was how he really feels. He was excited about what was going to happen with FnF. You could see it in his body language, he was almost giddy. After that he was told to tone it down. Going forward he is not going to tip his hand until he is ready to take action. When that time arrives you will know very quickly. He is not going on your or my timeline. He needs a catalyst to warrant taking an administrative action. A damaging document, court victory for the plaintiffs, or an impending needed draw. If none of that happens he may still do something later in the year.
Fannie and Freddie are not going anywhere. They are a vital part of the US economy and you don't want to try to fix something that ain't broke.
If I was as miserable as some of you I would sell and get out. If not stop complaining..... It may help if don't stay on the board all day. This rant is now over... I may not respond to any replies until tonight. Fixing to cut grass. GLTA
Apparently the MM's are having a Tizzy fit after what Mnuchin said about their boy. Like some of these Dem's on here. They are ANGRY!! It's ok it will come back.
Thanks for the copy n paste. I think they have taken it down. I wonder why??
Access journalists faces when hearing Mnuchin confirm 5/1 Obama Admin stole $FNMA profits to fund Obamacare. #FannieGate @JodyShenn @Shnaps pic.twitter.com/rAhoJeQL3b
— GSE Trade - Nov. '24 (@Fanniegate101) May 1, 2017
Maria...Is it true that Fannie and Freddie profits are being used to fund Obamacare????
Mnuchin...It is true... <<<<< First words out of his mouth!!!
Listen to the question...Then listen to his answer
((Video)) Steven Mnuchin drops the HAMMER
Entire #fanniegate discussion so far. from this morning on @MariaBartiromo "committed to housing reform & not leave $fnma $fmcc as is" pic.twitter.com/vN07hpwQ0S
— 𝙰𝚗𝚝𝚑𝚘𝚗𝚢 𝙱𝚘𝚗𝚜𝚒𝚐𝚗𝚘𝚛𝚎 (@AnthonyBonsigno) May 1, 2017
This should become a big story now!! Alex said it first...Now it has been said by the Secretary of the Treasury of the United States of America. HUGE
It does!! I know I am. Lol :)
You're welcome...part 2 of interview up right now
Video "Obama Administration Exposed" BOOM!!!
$FNMA & $FMCC used by Obama Admin to fund #Obamacare officially confirmed by Treasury Mnuchin !!!!! #fanniegate #GSEs pic.twitter.com/Y95oYk3Ddp
— 𝙰𝚗𝚝𝚑𝚘𝚗𝚢 𝙱𝚘𝚗𝚜𝚒𝚐𝚗𝚘𝚛𝚎 (@AnthonyBonsigno) May 1, 2017
Mnuchin: "It's true!" The whole damn heist was confirmed this morning with @MariaBartiromo. #FannieGate $FNMA
— GSE Trade - Nov. '24 (@Fanniegate101) May 1, 2017
Mnuchin: "Obama Admin used Fannie, Freddie profits to pay for other parts of govt while keeping taxpayers at risk" #FannieGate $FNMA $FMCC
— GSE Trade - Nov. '24 (@Fanniegate101) May 1, 2017
Good work and very interesting. Thanks
I agree. We all have opinions. Most of what is said by anyone is speculation wheather it be me or you or Tim Howard. The court is what counts... Also the Government. One of the main reasons I'm staying in this is because I believe FnF are here to stay.... and Mnuchin wants to get us out of Government control....Also Mnuchin has described himself as an expert on the GSE's and it has been reported that he had an investment in them before becoming Sec of Treasury.
I believe that could be one of the reasons...It could also be a FnF failure could give them a reason to hand the business over to the banks. Also they get billions of dollars <<< There is another reason.
You could be right. J Timothy Howard was just giving his "expert" opinion of the current situation.