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This is most if not all of his original bill he submitted in 2013. There isn't any text if the new bill but I believe it has the same title.
His orig bill: https://docs.google.com/viewer?a=v&pid=forums&srcid=MDUxNDQwNjExMTIwMzQzNjc3NDIBMTA5OTcwMzU5MDEzOTY2MTc5NzkBeEVLM2FJWm9pZVFKATAuMgEBdjI
Anyone see this on CSPAN?
Anyone see this on CSPAN?
I like it, it's short and to the point which is exactly what we need.
That way the knuckleheads in Washington can't redefine too many words.
A good link for the bill and or older/related bills:
https://www.govtrack.us/congress/bills/114/hr1036?utm_campaign=govtrack_feed&utm_source=govtrack/
feed&utm_medium=rss
Not as much fun as reading status conference docs but hey...
Gasparino flipped to the dark side lol
#clueless
I hope so. Check out Capuano letter to J.Lew. He calls it "usury" if the dividends don't count toward paying back the principle.
Should be good legislation I would think. From 2013
https://docs.google.com/viewer?a=v&pid=forums&srcid=MDUxNDQwNjExMTIwMzQzNjc3NDIBMTA5OTcwMzU5MDEzOTY2MTc5NzkBeEVLM2FJWm9pZVFKATAuMQEBdjI
Saw this posted on Google board. No details
H.R.1036 - To provide for the repayment of amounts borrowed by Fannie Mae and Freddie Mac from the Treasury of the United States, together with interest, over a 30-year period, and for other purposes.view all titles (1)
No co sponsors or text available yet. Who knows
Is this the same you referred to a few weeks back?
On the bright side this should be a great hearing for us.
I'm liking the witness list. Scratch that, I'm REALLY liking the witness list.
Amazing presentation by Bloomberg! TY SP
MUST READ
Amazing presentation by Bloomberg! TY SP
MUST READ
Not yet. I'll check the TH site now.
With all our faults here in the U.S we are still the beacon on the hill. Greatest country on earth.
She is probably just as excited. Lol
I think she enjoys the scoldings
How Real Estate Became a Global Commodity
http://daily.jstor.org/how-real-estate-became-a-global-commodity/
A New York Times investigation is looking at the purchase of New York real estate by wealthy buyers from other countries. There’s something about citizens of other countries buying land and homes in the U.S. that can be unsettling to some Americans. That goes for both the purchase of $15 million condos and the conversion of mortgages to hugely complicated paper assets sold on international markets.
It’s also something that can seem inevitable. People with more money tend to buy valuable things, regardless of where in the world they are. But a 2006 paper by Tulane University sociologist Kevin Fox Gotham argues that the globalization of U.S. real estate is driven more by deliberate government policies than most people realize. Gotham was writing at the height of the real estate bubble. Now that we know about the implosion of mortgage-backed securities that followed, and the disastrous consequences for the global economy, there are even more reasons to be interested in his argument.
Gotham notes that all kinds of cross-border exchange depend on “an elaborate and complex set of rules, regulations, and institutions that are established by the state.” Governments, in other words, make it possible for a home to become an impersonal asset ripe for investment by anyone with money, anywhere in the world.
Even in an economy where just about anything can be bought and sold, real estate stands out as something different. Houses and apartment buildings can’t be shipped overseas, of course, and they’re rarely standardized like widgets in a factory. If you’re buying a house for yourself, you’ll probably spend time looking around the rooms, checking the pipes for rust, and finding out about the local schools.
Gotham writes that the U.S. Agency for International Development has helped develop international real estate standards that make the quirks for individual homes less worrisome for investors. With international trade groups and real estate industry organizations, USAID has helped establish appraisal standards, licensing laws, lending practices, mortgage finance systems, and regulatory institutions—making real estate a more standardized, transparent commodity.
Quasi-public agencies Fannie Mae and Freddie Mac also played a role in turning real estate into a more marketable commodity. Their basic function involves funneling capital into mortgages, making it easier to buy a home. Together with lawmakers who pushed favorable legislation, Fannie and Freddie helped create a market for mortgage backed securities by making sure there were standardized documentation and underwriting guidelines for mortgage-backed securities. Federal laws also did something similar for commercials real estate by encouraging the development of real estate investment trusts, or REITs.
Today, the global economy continues to suffer from the repercussions of the 2008 financial crash, and politicians continue to debate the wisdom of putting restrictions on global markets. As they do, it’s important to remember that government actions play a big role not just in regulating the free flow of money and property but also in allowing it to exist at all.
JSTOR Citation:
“The Secondary Circuit of Capital Reconsidered: Globalization and the U.S. Real Estate Sector“
Kevin Fox Gotham
American Journal of Sociology, Vol. 112, No. 1 (July 2006), pp. 231-275
Published by: The University of Chicago Press
How Real Estate Became a Global Commodity
http://daily.jstor.org/how-real-estate-became-a-global-commodity/
A New York Times investigation is looking at the purchase of New York real estate by wealthy buyers from other countries. There’s something about citizens of other countries buying land and homes in the U.S. that can be unsettling to some Americans. That goes for both the purchase of $15 million condos and the conversion of mortgages to hugely complicated paper assets sold on international markets.
It’s also something that can seem inevitable. People with more money tend to buy valuable things, regardless of where in the world they are. But a 2006 paper by Tulane University sociologist Kevin Fox Gotham argues that the globalization of U.S. real estate is driven more by deliberate government policies than most people realize. Gotham was writing at the height of the real estate bubble. Now that we know about the implosion of mortgage-backed securities that followed, and the disastrous consequences for the global economy, there are even more reasons to be interested in his argument.
Gotham notes that all kinds of cross-border exchange depend on “an elaborate and complex set of rules, regulations, and institutions that are established by the state.” Governments, in other words, make it possible for a home to become an impersonal asset ripe for investment by anyone with money, anywhere in the world.
Even in an economy where just about anything can be bought and sold, real estate stands out as something different. Houses and apartment buildings can’t be shipped overseas, of course, and they’re rarely standardized like widgets in a factory. If you’re buying a house for yourself, you’ll probably spend time looking around the rooms, checking the pipes for rust, and finding out about the local schools.
Gotham writes that the U.S. Agency for International Development has helped develop international real estate standards that make the quirks for individual homes less worrisome for investors. With international trade groups and real estate industry organizations, USAID has helped establish appraisal standards, licensing laws, lending practices, mortgage finance systems, and regulatory institutions—making real estate a more standardized, transparent commodity.
Quasi-public agencies Fannie Mae and Freddie Mac also played a role in turning real estate into a more marketable commodity. Their basic function involves funneling capital into mortgages, making it easier to buy a home. Together with lawmakers who pushed favorable legislation, Fannie and Freddie helped create a market for mortgage backed securities by making sure there were standardized documentation and underwriting guidelines for mortgage-backed securities. Federal laws also did something similar for commercials real estate by encouraging the development of real estate investment trusts, or REITs.
Today, the global economy continues to suffer from the repercussions of the 2008 financial crash, and politicians continue to debate the wisdom of putting restrictions on global markets. As they do, it’s important to remember that government actions play a big role not just in regulating the free flow of money and property but also in allowing it to exist at all.
JSTOR Citation:
“The Secondary Circuit of Capital Reconsidered: Globalization and the U.S. Real Estate Sector“
Kevin Fox Gotham
American Journal of Sociology, Vol. 112, No. 1 (July 2006), pp. 231-275
Published by: The University of Chicago Press
My money is on justice. Every time.
Feb. 16, 2015 - 4:14 - FOX Business says buy FNMA
http://video.foxbusiness.com/v/4060009384001/gasparino-money-managers-predicting-greenberg-victory/?playlist_id=933116651001#sp=show-clips
FNMA/FMCC-No sweep = 130 billion
FNMA/FMCC-No sweep = 130 billion
You've been calling them correct since I can remember Rey
Since day 1. Keep it up! See you at 325
Lol. I didn't want to say anything. GREAT close, Status conference tomorrow, part 2 of oversight hearing on Thursday.
Another HUGE week ahead and I am getting excited again.
FMCC win and odds of being audited:
Salary under 200k > 1%
Salary 200k-999,999 1 in 30
Salary 1mil or more..... 1 in 9
For salary, not sure if capital gains/dividends count
Be ready
FNMA win and odds of being audited:
Salary under 200k > 1%
Salary 200k-999,999 1 in 30
Salary 1mil or more..... 1 in 9
For salary, not sure if capital gains/dividends count
Be ready
Lol, gotta love it. Status conference tomorrow.
155k@2.83
Guess u guess right lolzzzzz
Yes he is long. Confirmed
Lol. I was 7 when she bought those. Amazing everything that's happened to the stock since then.
Excellent, sounds like FNMA has become a family affair. Please thank her for all of her time spent on this. Her actions may benefit many.
He should be scared and here is my question.
What happens to the affordable housing trust fund payments w no FNMA and or reduced revenues? How are these lib groups going to fund themselves?
.........I'm intrigued
You can't stay away from FNMA, you know too much
FNMA would have to kill you
Haven't found one yet. Let me know if you do.