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Mulvaney also stated it's an agreement between one agency of govt and another. Another brick in our wall of protection. Everyone knows FHFA and treasury are BOTH govt agencies.
I'm convinced this trust fund move by watt sealed their fate. Republicans are arguing our side now wether they know it or not. HERA is law. If PSPA doesn't trump HERA then that means ALL of HERA right? No more under capitalization and profit sweep which, neither in HERA, actually they go against HERA IMO. No more CShip.
Ty Mel
Ty Sweeney
Thank you overwhelming backfiring greed
You gotta love Billy A. Number one guy's recommendation is all I need m
Wow, I've never heard test stat before. Talk about the perfect argument for reinforcing a pro FNMA position. Great find
Yeahhh mannnn far out. It's like coocoocachooo mannn.
I agree lol. Obama is still a terrorist tho
Lol, being 11 is a great excuse tho. I'd like to go back to being 11 held to kid standard.
Well that's just swell
I can't stop saying wicked awesome
Peter Wallison: "No, if we ever let them out of conservatorship, they would go back to the business that they were in before. I’m perfectly happy that government is taking all their profits, because it keeps them from gaining capital. If they had capital there would be tremendous pressure in Congress to release them. We have to come up with a new system, unfortunately we don’t know what such a system will look like. Once we come up with a new system, Fannie and Freddie will be gone."
Mr. Wallison’s response was interesting to us, because it almost sounds like his disdain for Fannie Mae and Freddie Mac would override his commitment to the rule of law. If true, that would be surprising, coming from a former White House Counsel for President Reagan.
I.U 2/12/15
I just read a statement by wallis on saying FNMA should be gone and will be gone lol
Not sure he has our back.......maybe your thinking of someone else?
Timing fits lol
Lol maybe some of the budget comments are hitting the market. There has been some really great dialogue in between the rhetoric.
Or maybe Sweeney wrote the order (hopefully)
Let's hope
Yesterday was Castro at FHA hearing, today is 2016 budget markup and amendments (mainly housing so far) and mulvaney was referring to FHFA Watt oversight hearing the other day.
Mulvaney also upset because he asked Watt specifically why FNMA was still in Cship and did not get a chance to get an answer or discuss.
That was because watt immediately asked for a recess lol
Waters reiterates FNMA dividend payments of 202 billion w estimate 190 bil in future payments. Others acknowledged
Mulvaney asking why FNMA is still in Cship. He will be referring watts actions to fund the trust fund while FNMA is undercapitalized and I Cship to the DOJ as he feels Watt is in violation or law.
They love the fact Watt directed FNMA to sell risk back to the private market place. If he would direct GSE recapitalization ending the sweep, I believe the entire GSE issue would resolve itself. Slowly turning towards that end IMO
Pretty good so far
Budget markup 10am. FNMA hot topic
http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=398673
Lost sound........ Can't get it back.
Your retired now. Run for congress
There just is no good answer. There is too much money involved w politics and as long as that's true there will be corruption.
We need to go back to the days where politicians went home to their districts and didn't live in Washington 11 months of the year. If that could even be possible.
Being a politician should not be a career. A voluntary/minimally paid service to country would be nice.
Recapitalize and all these bad scary questions go away. Why don't they get that? Let us retain earnings and you can give away all the slush fund money you want, just like the old days.
At this point, I'd settle for that.
Carney applauds FNMA for selling risk and hopes FHA follows suit. Working on new legislation to clean up the housing crisis!
A Carney I actually like???
Frustrating is all. Watching them lie even when they know they are lying just seems so old and tiresome.
Caught that? Where do these guys come up w this stuff. To say it with a straight face too. Dodge here, smirk here, deny predatory lending when it's by definition the exact principles used at FHA and HUD.
Makes me lose my mind
Where is this released priveledge log?
"One example from the recently released Privilege Log"
FNMA trades premarket but no aftermarket trading
You'll never guess what I heard about obama........
Accumulation at its finest
Judge Sweeney, wherefore art thou ?
Exactly, totally agree with your experiences mentioning FNMA.
I could copy and paste your post and use it as my own
I believe the effort is being made. Tough to get blood from a stone tho. IMO the social media effort is doing more good than the national media. It is crazy
I.U should team up w these folks. I'd go
Oy Vey
Tx. This line sounds painfully familiar.
"We succeeded in finding a structure that allows the trust to gain control of the company without shareholder votes,” John Brandow, an outside lawyer for the Federal Reserve
This is the guy I met in D.C and had all the meetings with. Incredibly intelligent person