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No volume, this is dead
I know
Moelis is a distraction and you know it
Ok, 50 million shares, something...
Moelis is just a trap to keep preferreds invested while big whales sell and buy commons. Stay tuned.
No warrants. Slow recap since capital cushion restored. Commons win.
Sen. Brown and 5 other Sen. Dems send letter to Mnuchin asking Treasury to let Fannie/Freddie to retain capital ahead of GSE reform plan.
Glen has no personal property, just debt
Trips coming
Bloomberg
People again, this will be 10 cents... But next week will be trips.
Ready for trips next week
The problem here is prederreds are iliquid. Difficult for almost everyone to sell them and keep the price flat. Probably big downside
Buy DCTH
What about sell preferreds and buy commons?
Sell sell sell
My bag growing
Timbeeeeeer
Moellis...
What a joke, the purpose of warrants was to deprive GSEs value... And it is exactly what Paulson and co want to do.
Crook. If you say again you are long I will be looking for you
Bye bye Corker
Infowars was chosen by the Don as the official way to deliver balloons, not MSMs. You should know.
Easy. They have to pay the bitches for Obama excess. Once they fix that point, administrative solution. Not congress.
Glen is crazy, no need for settlement... Preferreds are toast.
Minute 5
#fanniegate Watch this clip of Corker and Watt over the subject of the draw. Watt in his gracious way scores a KO. https://t.co/o4ut6VZ7Dt https://t.co/ZD2uqxT72v
— Bethany McLean (@bethanymac12) May 25, 2017
Trump Budget Perspectives on Fannie and Freddie Depart from Obama Era Approach
May 24, 2017
The first budget proposal of the Trump Administration has just two lines on the government sponsored enterprises, Fannie Mae and Freddie Mac, but those two lines speak volumes.
IU:
On page 213, under the heading, “The Future of the GSEs,” the discussion reads, “The Administration has publicly expressed its desire to work with members of Congress to facilitate a more sustainable housing finance system. Any reform of the housing system likely will impact the cash flows attributable to the GSEs in the 2018 Budget projections in ways that cannot be estimated at this time.”
In contrast, the corresponding section to the last budget proposal from the Obama Administration went on for more than a full column and started, “To finish addressing the weaknesses exposed by the financial crisis, the housing finance system must be reformed, and Fannie Mae and Freddie Mac should be wound down.” It goes on to praise Congress for its “meaningful steps” Congress had taken to advance bipartisan legislation and stresses that reform depends on legislation by Congress.
The Trump Administration continues to avoid sweeping pledges to upend the secondary mortgage market. The budget document also reiterates Treasury Secretary Steven Mnuchin’s public comments that the Administration will work with Congress on ways to end government control of Fannie and Fannie. Importantly, however, it does not entrust to Congress a task which Congress itself entrusted to Fannie and Freddie’s conservator in the Housing and Economic Recovery Act of 2008.
A president’s budget is a political document and not merely a collection of tables with long columns of numbers. It is a statement of underlying government philosophy, vision, assumptions about what policies work or don’t, and what changes are needed in programs to make sure taxpayers are getting the most for their money. To that end, President Trump’s budget could have expressed antipathy for Fannie and Freddie and its shareholders or stressed the need for a wholesale remaking of the entire housing finance system. Instead, the document merely states a better system is needed and getting there will require some adjustment in budget figures down the road.
That sounds like a better mindset than that which guided the previous administration and a more measured perspective on how to serve the interests of homebuyers, shareholders and taxpayers.
https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/ap_19_credit.pdf
Page 213:
Future of the GSEs
The Administration has publicly expressed its desire to work with members of Congress to facilitate a more sustainable housing finance system. Any reform of the housing system likely will impact the cash flows attributable to the GSEs in the 2018 Budget projections in ways that cannot be estimated at this time.
Wrong. No budget from GSEs. Read page 213, clearly states no projection from GSEs in 2018/budget. Carney lies again.
Buy this ask
Expected news?
Pumper! :)
No incompetent, she's playing politics too. Chess game.
Sorry, can you repeat the question?
Jim Hodges is a bad guy, beware of him.
0.0031 uhhhhhhhhhhhhhhhhhhhhhhhh