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Agree! Turn the money is tax revenue. Trump gets this! Not sure why Obama did not. Horrible advisers I suppose.
Good post Chessmaster as are all your posts. Do you have a tweeter handle?
"Watt will release Fannie and Freddie come January as he crosses of his FHFA anniversary" Nice try Carney and you a bit younger then 71. I am sure you will be here well past January spilling your BS.
Likely a tax season swap between HF's for right downs.
Nationalizing would required Gov to add about $10T to debt, and why they will never take warrants which were self dealt. Republican will never allow this to be nationalized! Gov will cave in to the pressure of the suits and much more and release. They know they been caught red handed and will move on for the good of the country, and will say this was the plan all along. Look how good housing is doing and they saved the country and mortgage market. They will all pat each other on the back and sing songs.
No, they will not re-cap but give the GSE's DTA's instead with a cap requirement to be meet in ten years, but in the meantime will be the back stop. Trump wins this happens before he enters office. Hillary wins, OB will leave it up to her.
IMO Fairhomle case will be moot on lead. Perry case court will drive the train from here and set precedents for everyone else. It all boils down to can gov do anything they want. I think the three Panel Perry court judges will say no they can not!
Improper! Where does law say using evidence from another case is improper. Yank your grasping for straws now! You lost all credibility long ago. Law is a chess game of using law, precedence, evidence from other cases is the game. Gov has been checked and soon to be check mate. Right now gov is play for a draw and running and hiding, but it won't work. Their just buying time is all.
It is an appeal based on death spiral and can not be tried per Hera assertions. Perry can not go on a discover search in an appeal, but they can benefit from other cases discover. Any case would use imminent in a similar situation.
It is always about money! They withdraw-ed to stop FHFA in the tracks from screwing up their settlement. Plus it put the plaintiffs in a better financial state with remaining case.
Settled last week. FHFA tried to stop it yesterday but by withdrawing today case closed and FHFA can do nothing. Clear win! Plaintiff gets some money in pocket, law fees paid, and enough to keep the other case going.
They are not required to do so until 11/14. Re-read the plaintiffs request. Good cause exists to grant the requested relief. The Court’s Order on plaintiffs’ motion to compel raises important and sensitive questions concerning Government privileges. Given the legal and factual issues implicated by the Order, and the number of stakeholders involved,
our review of the Order is still ongoing. Accordingly, a 31-day enlargement will provide the Government with sufficient time to prepare a meaningful response as to why the Court should Case 1:13-cv-00465-MMS Document 341 Filed 10/13/16 Page 1 of 2 not award plaintiffs their expenses in bringing their motion to compel, and obtain the necessary internal and agency review. For these reasons, we request that the Court extend the deadline for the United States to respond to the Order by 31 days to November 14, 2016.
The death spiral defense left the planet long ago.
Does anyone think the gov will turn over more nails to their coffin on 10/14/16? Doubtful, and what the results will be?
Odd! I hear it just fine!
Bottom line is neither party, no matter who is president, will ever send this to TBTF or nationalize. Eventually both GSE's will be released regardless of court outcome. Court wins will speed up the process. You would all be better off just ignoring what happens between now and then and living your lives.
Apparently for WV vs EPA - Brown and Millett part of oral arguments today. Carney just loves to toss out shit like that!
Democrats would release before they would liquidate.
What amended complaint and proposed form of notice
to shareholders is Steele talking about?
Statutory Restrictions. Under GSE Act, FHFA has authority to prohibit capital distributions, including payment of dividends,
if we fail to meet our capital requirements. If FHFA classifies us as significantly undercapitalized, approval of the Director of
FHFA is required for any dividend payment. Under the GSE Act, we are not permitted to make a capital distribution if, after
making the distribution, we would be undercapitalized, except the Director of FHFA may permit us to repurchase shares if the
repurchase is made in connection with the issuance of additional shares or obligations in at least an equivalent amount and
will reduce our financial obligations or otherwise improve our financial condition.