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Guido2,
Thanks, We already have extremely bad examples of TARP and SPSPA. Hank forced these programs on private sectors companies for the benefit of his cronies and hurt adversaries.
Gov should not repeat the same mistakes once again by allowing bureaucrats misuse tax payer funds.
"What I am taking issue with is him being designated to determine HOW that capital will be raised, over how long and by whom. Mnuchin has heavy experience in such matters but not Calabria who is an academic, not a Financier. '
Gov Bureaucrats should not be involved in how capital is raised. It is the job of FnF management and shareholders.
If this job is given to bureaucrats then politicians and WS mafia traders will start benefiting themselves and corrupt the whole system.
"Trump should have ordered Mnuchin to address this years ago. He did not. Mnuchin is beholden more to WS and TBTF than to the GSE's or the shareholders. Judegs have proven in previous rulings upon which side of the argument they stand. "
WS Bankers and Traders are dragging it out just like Chinese. There is no difference between WS Bankers and Traders and Chinese in terms crooked ways.
Another propaganda article by Alex Pollock.
It is ok for Gov to rob private shareholder companies and not ok with other things. Hypocrite at best.
LOL, Another example of senility.
"APA got "trumped" by the HERA clause holding courts to limited action
I do not believe the court felt it could truly judge on merit of APA application --- which may be what the full En Banc will believe they can? "
You are wrong. HERA does not allow lawlessness.
"https://www.todayonline.com/world/factbox-fannie-freddie-and-government-its-complicated "
UST bankers and traders are big road blocks to what white house policy directives want to achieve. So UST bankers and traders should be excluded from implementing white house policy directives.
"The part of the law that courts must determine is whether such action is proper as a conservator or only as a receiver (which has never been declared).
This is one key area in which the Collins en banc may deliver some consequential ruling. "
Only way to resolve conflict with JPS contractual rights, and Conflict with HERA on declaration of dividends is to declare UST investment as debt.
If UST investment is declared as debt then NWS will automatically becomes invalid and everything about conservatorship get resolved.
In addition warrants violate contractual rights of Common share holders.So there may be some issues with warants.
Here is the good article to differentiate equity vs debt (liability)
https://www.wallstreetmojo.com/debt-vs-equity/
Debt vs Equity | Top 9 Must know Differences (Infographics)
Based on this everything other than common shares are basically debt.
In FnF case JPS and SPS are fundamentally a debt.
"Hey MARK - How about HOLDING YOU TO YER OWN FANNIE FREDDIE WORDS
the Conservatorship of Fannie and Freddie : Actions VIOLATE HERA !
I want to see Paulson and DeMarco in front of a JUDGE -
NOW YOU NEED to BE PUT in FRONT of a JUDGE for STEALING TOO !!!
"
navycmdr,
LOL, Be gentle on MC. We do not know what are MC's difficulties.
In the end, final word would be what white house decides on this matter. Under MC, at least FnF seem to be safe. Without FnF there is no need for FHFA, so FHFA bureaucrats will work for keeping FnF intact.