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Nothing permanent getting accomplished
That’s why FNMA and FMCC are heading south.
Even the new Cap Rule (which was not needed in
the first place) is subject to massive changes because
it raises overhead beyond being able to be managed.
Only a clown would accept it in current form.
Everything should not be done at once !
It’s to big of a shock to the system to do everything
at once.
That’s why this entire process has been a 3 rink circus
ever since Calabria got the job.
Biggest scam in history NWS div payout !
Only for GOVT shareholders private owned
shareholders were not allowed to have these same
dividend payouts.
NWS was either illegal or private shareholders
should get back dividend payouts.
GOVT discriminated against shareholders !
For many years the GOVT discriminated against
both private sector common holders and JPS.
They paid out dividends to GOVT owned shares
but at the same time private investors were not allowed
to be paid dividends.
That’s Discrimination not matter what those idiots
wrote in HERA.
Get rid of HERA and FHFA !
FHFAs New Cap Rule is a complete Fiasco !
This is how you screw up borrowing cost real good
for the American people.
No way around it......higher operating cost you get
higher Fees and assoc cost.
New Cap Rule complete waste of time/money !
SM and MC are going to drive up borrowing cost.
A direct result of an absurdly high Capital Rule.
Keep in mind we did not even need a new Capital
Rule since there was nothing wrong with the old
rule. Complete waste of time and money for no reason.
IMO another reason MC shouldn’t have the Job !
He has gone way over the top with the new Capital
Rule.
It’s an absolute fiasco and on top of that we did not
even need to change the Capitol Rule. Complete
waste of time and money.
Calabria’s Cap Rule Chaos for NO reason !
The Capital Rule did not even need to be changed
so Calabria is creating Chaos for no reason.
What a 3 Rink Circus !
New Cap Rule a fiasco since Day 1
Everyone who understands what is going on with the
new proposed Capital Rule knows it’s been a complete
fiasco since Day 1.
Weak Leadership will give you low PPS !
Some people could screw up a cup of coffee
no matter how much education they have.
I hope Kudlow is watching very closely !
This way when FHFA starts screwing things up
then Larry can set them straight.
Cap Req, Debt Obligations, not gonna happen !
With the new Capital Rule at the highest end possible, and
GOVT wanting a list of Debt Obligations paid for there
is no way to come up with that kind of money out of
the clear blue sky.
NOT Gonna Happen !
These companies are constantly providing required free
handouts all over the place so they have to carry that load
around also without GOVT funding to pay the bill.
The Capital Requirements are still too high !
This will eventually raise the cost to homeowners.
No way around it.
Also no way for the GSEs to raise that type of money unless
they leverage everything and anything assoc with these
companies. Maybe they can raise it in 20 years or so but
that’s not realistic.
The new name fits like a Glove !
We all knew he was going to collapse !
The worst thing about it is he got nothing in
return for doing it......Zero.
Calabria said no need for Cap buffers
This Capital buffer of 20 and 25 that you are bringing
up was never needed per an interview that Calabria
did not long ago.
I will try to find a copy of it and forward.
Will Calabria collapse on Capital Rule ?
I hope FHFA does not collapse to allow more
time on Capital Rule which should have already
been done 6 months ago. The entire new Rule
has been a disaster from the start.
The new Capital Rule should be completely thrown
out and the old Capital Rule put back into place.
FHFA collapsed under a little bit of Pressure !
We all knew the rate increase was not going
to go into effect in Sept. Not a chance.
What are the GSEs getting in return for stepping
up to the plate Mr Calabria ?
What are the GSEs getting in return !
I would have to ask what are the GSEs getting in return
for putting off this needed increase besides nothing ?
Good question for Calabria.
We need to get this to the Supreme !
If this case ever makes it to trial we need to take
this recording to Washington so the judges
can hear it for themselves.
Got to have the volume on high so there is no way
getting around hearing the message.
Hank Paulson......Fannie Mae / Freddie Mac
The GSEs owe the GOVT nothing !
The GOVT wants the public to believe the GSEs
owe them money but all of us who understand
what they did know better.
The GSEs owe the GOVT nothing. The GSEs
cleaned up the TBTF bank mess from 2007/2008
timeframe and really have never been compensated
for it.
Maybe the Supreme will fix this.
Good...I bought more this week !
The UST must be the backstop !
Robert this is why the UST must at least initially
be the backstop for the GSEs. In return the GSEs
can pay a monthly fee for this service until such
time as they raise their own Capital.
This will accomplish several things
1. Keep borrowing cost down for all - no massive
leveraging will be needed.
2. Provide confidence and liquidity to the markets
3. Give tremendous stability to the GSEs while
they raise Capital internally.
Furthermore there is no way for the GSEs to raise
the kind of Capital Calabria wants them to raise in
a reasonable timeframe.
Where are they possibly gonna get that kind of money
without leveraging the hell out of the companies.
In the end the GOVT put these companies in the
position they are in.
MC and Mnuchin are approaching this problem
the wrong way and it’s gonna cause all kinds of
unIntended problems.
Good news pouring in PPS still down !
Orig Capital Rule shouldn’t have been removed !
The original Capital Rule should not have
been removed in the first place. Calabria has
wasted an entire year playing Capital Rule
games.
The only reason he did this is because he is
trying to relive and change history from 2007/
2008 timeframe.
This is exactly why I was against him getting this
job. Nothing personnel against him just did not
want someone in there trying to change history for
no reason.
The risk are Huge at the Supreme !
I hope all investors do well.
If the Supreme decides to uphold the Law
we are all in good shape.
The Supreme Court is Weak !
I hate to say that and I don’t want to say that
but it’s 100% true.
I’m not convinced the High Court has the
courage to uphold Law and Order especially
since it’s their buddies in the GOVT that Lied
and committed crimes against Fannie and
Freddie.
IMO The entire court system is very weak.
HERA is the laughingstock of Law & Order !
The GOVT enforces HERA when they want too
when they don’t want to they ignore HERA !
What a 3 rink circus going on !
The Supreme needs to strike down HERA.
Another Fake News Story by the NYT !
Another Russia, Russia, Russia Fake News Story.
CryptoNator...Thank You !
Thank You for the best post I have ever read on
this site and Thank You for your kind advice.
We wish you the best as you travel back to be
with God in his kingdom of forever.
PennMilitia
No way a buyout will occur !
Calabria is not gonna allow a buyout.
This would cause an all out war in Congress and
as the FHFA Director has said many times he wants
more competition not less.
Big Mouth Crapo
This guy has been a disaster for years.
The last time he was asked to explain exactly
what happened to the GSEs his reply was
“It’s Complicated”
The High Court is Very Weak !
They are trying to avoid the real issues of the
court like overturning a sham Conservatorship.
Don’t expect much from this court.
The best advice I can give is remember this court
is weak and anything is liable to come out of
there so be ready to make a game time decision
on your investments if needed.
Overturn the Sham Conservatorship !
It was all based on Lies and Fraud.
Don’t get caught up in the quicksand and
stand for Law and Order.
Keep in mind the High Court is weak so
don’t expect to much out of them.
https://www.inquirer.com/columnists/fannie-mae-freddie-mac-mortgage-refunds-20191209.html
Glen Bradfords delusional Post on SA !
Here is the link to Glen Bradfords delusional post
on his preferred position to convert to commons.
He thinks if he says it enough times it will come true.
https://seekingalpha.com/article/4368127-restructuring-frannie-equity-big-bang-close-90-days?utm_medium=email&utm_source=seeking_alpha#alt2&mail_subject=fnma-fmcc-restructuring-frannie-equity-big-bang-as-close-as-90-days&utm_campaign=rta-stock-article&utm_content=link-2
Calabria must implement this Rule !
GSEs must own 51% of their own shares !
This way it is impossible for them to ever
be bought out.
New FEE most likely going away !
I’m sure the WH made one phone call to FHFA
and that was the end of the New Fee.
The New Fee is probably needed that’s why it
was initiated but again it’s an election year and
all of these things are going to get major scrutiny.
I hope to be wrong about this...we will see.
I knew the Fee was a P/R Problem !
The new fee is probably needed but yes
a P/R problem and at the worst time.
The WH will most likely make it go away.