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For every capital diversion/taking there should be a law suit filed asking the government to prove how the said action preserves and conserves the GSE's assets and businesses. If indeed they keep using the SCOTUS reasoning that they are "protecting tax payers" or themselves, at some point a court will need to call out this ludicrous ass backwards consevatorship and recognize the theft in the name of taxpayer that it is. Ask a court if the final and last decision the FHFA makes distributing their cash flow via these social changes, that finally pushes the GSE's into bankruptcy, if that is the essential and legal description that should be used for conservatorship? Ask the court why the government is allowed to divert capital on social engineering projects while ignoring what is best for shareholders and their companies? How many cuts will the government be allowed to use their phony taxpayer hypocrisy before the GSE'S are no longer salvageable and they ruin the whole mortgage market - AGAIN?
Are the lawyers even awake? The government and the courts need to explain their illogical reasoning and the lawyers only need to refute with the proven facts and logical reasoning on the legal description of the word conserve. It's not complicated if you have balls.
It's very sad how many people do not realize these facts. This whole 2008 mess was created by, coaxed along by and worsened by the government. Yet they try to finger point and pass the blame, then stand by and do as little as possible to fix. There are some in DC who realize what was done, but DC operates under the presumption to never admit screwing up.
Happy Thanksgiving to all you ihub folks. Hopefully things get better here, in the next year or two. Keep the faith.
Yes! Exactly where we are heading. Like 2008 all over again through different vices, so to speak. That's why I hope like hell both houses flip, then a congressional solution can be pushed to resolve us. That would override any administrative solution or changes.
Population in Detroit is somewhere below 750k, if that surprises you. There was a big muck up about the city going under 1 million population about 8-10 years ago because their state and federal aid got dropped drastically. And yes Kawame Kilpatrick who thought he was a Chicago gangsta type bad boy mayor was in fact jailed for quite a few years for trying to do what B. Obama and Hillary had mastered. Kwame was too stupid to pull off what those two criminal geniuses could, but he managed to set the city even further back fiscally.
I was in automotive also for 35 years. Tool, fixture and product designer. Various companies and tool and die shops, from Ford to TRW to Siemens and a couple smaller outfits earlier in my career. Retired/disabled now.
If we ever do the Vegas party I'll have to tell you a buch of mortgage industry stories including this story about my x-wife who was working for a small mortgage outfit around Southfield/Bloomfield/Bloomfield hills around 2005/2009. She was an Mortgage regional sales manager who under wrote loans and bundled packages together for smaller banks to sell down south to investors. You would not believe the stuff that was going on that maybe only 5% population knows about from 2005 to 2008. 2008 didn't just happen, it was made to happen over a period of years. My divorce, you could say, was because of it, and the Sodom and Gomorrah type environment that was going on at all the MBA member businesses, brokers. I actually attended lenders fairs in Chicago, Indianapolis, Florida and other places with my wife. The MBA and the folks that put on those events spent huge money entertaining and imbibing star sales people like my wife and the events were just mortgage funded parties of extravagance, huge excesses. I saw the advantage being taken of many who could not afford mortgages, and applications that were approved with crap income credentials, but those loans were 8, 9 and sometimes upto 18% mortgage interest. Some would have been better off buying a home on a credit card.
The moralless money mongering going on back then really changed the whole mortgage industry and who my wife was as a person, and I many saw folks (married) at these Mortgage association events swapping room keys and all that, many cheating on their spouses and all was encouraged by the big wigs, the MBA and the owners/brokers of the small mortgage outfits like what my wife worked for. These things were all expenses paid, very expensive hotels and air travel with golf outtings, $30 martinis, clothes shopping charged to rooms and picked up by the MBA or a broker who was a sponsor, lots and lots of excess, and guess where that money was coming from? Yep, the mortgage places partied hardy until it all began to burn and come crashing down.
My x-wife after 2008, probably more into later 2009 lost her star rep position and juicy salary with commision and has never been able to find work in that industry again, as far as I know. It's like the people who took part in that excess back then, that they wear a Scarlett letter in the industry now. Can't say that I am surprised or that it's unfair. I told my wife before our divorce to get the heck out of such a corrupted moralless industry before it drug her down. Or worse, drag us down! Obviously she got hypnotized by her job status and the money the lured her in with, but she badically sold her soul, sadly.
Well that's a little of my Michigan history lol, but I have a ton of stories from 2005 and upto about 2008 that would fill too many volumes here.
It's great you had some experience here in Michigan, even if it was the balls to the walls automotive industry. Lol I'm a life long Michigander but would like to relocate to a state that is not so wishy washy in how they vote. Michigan should be purple since they go back and forth red and blue so much. I'd rather spend the rest of my retirement in a solid red state. Fiscally responsible and level headed.
They will find a way to charge those gurantee fees based on your income or high home value when purchased, and then transfer that fee income to a lower income, lower house value purchaser. Watch.
Around here in Michigan, some developers are reclaiming malls and remodeling them into modular apartment units. The amazon affect, online shopping has devastated the mall industry here. Especially those malls that are in or near smash and grab populations like Fairlane mall in Dearborn that used to attract many from Detroit. Car theft there for years was absolutely bad, even though it was said the city of Dearborn was very much influenced by KKK individuals that ran the city. Now Dearborn is mostly Arab, compared to 30+ years ago.
The higher caliber malls with majority high end stores that are in the more well to do areas seem to be doing okay or thriving. Those areas are more pro republican and very police oriented, so 180 degrees from the high end places you have out in a place like California, that are being looted with no end in site due to stupid laws.
I'll do the second 100
JPS must be envious of our volume today, lol they'd kill for that kind of volume.
Looked up the jps tickers and their volumes were anemic.
Pool some money or shares and gift her for xmas
I was wondering how many shares those warrants were worth! Someone posted that figure a ways back.
Big hedgies sticking the tax bill to the government. This is good. Government plays games, the big players may as well also.
Year end tax buying! Lololol
Congress, Senate and whole administration all buying, lol
Found out they could get rich if they release. Lmao
Lol. Oooh yeah they only do actual work during solar and lunar eclipses, otherwise just a mud slinging shitfest like a kindergarten debate team show down.
How can it be a right earned by government? They are not allowed to invest or take positions in corporations or are we China? Since it is not "earned from an investment" it must be a collateralized transaction for having a fail safe backstop in case the GSE's were not able to pay for a loan. AND if it is earned as you say, we could have got a far better rate for a loan or backstop from the mob or Russia.
If it's earned in anyway those warrants become an investment gain which means nationalization and a bunch of other bs lies that were told.
I'm hoping the Republicans in the house and Senate recognize this milking fact and how badly it will turn out (2008 redux). Then hopefully if those midterms turn into that wave they are predicting, they make us a priority for release. The Hera law gives congress the ability to legislate us out of this purgatory hell, and Biden would not be able to do alot about it.
Do some of us logically minded individuals here a favor and stay vocal! Opinions matter! I'm agreeing with your opinion, very close to my own, but you state it much better currently. Lol
Like the song goes...nobodies right, when everybodies wrong.
I saw that Bezos article this morning! Another "foundation" like the Clinton one. Criminals. Hedge funds are more transparent than any current or past politician.
100 million from Bezos...soon you'll be reading about Obama buying another 10-20 million mansion, of course to help all those experiencing racial housing injustice, lmao. They just haven't figured out how to launder the money yet....probably a bunch more Moochelle and Barry books to be coming out, maybe one each by the daughters. Lol
Sounds like alot of future tornado chop-suey
Lmao! This is true
It's all politics, always has been. Not about any laws or contracts, the government via SCOTUS can change what they want to suit their actions, or did you miss that SCOTUS decision?
If both houses flip mostly republican, here's how I see it playing out. This may seem far fetched but I don't put anything off the table in the current charged up political environment and also how angry folks are currently with this administration.
Biden and Harris both possibly impeached, speaker would be next in line for president and that would be a republican, need I say more?
This would be dream scenario for us being released.
If a republican gets in like this, hell yes it would be contentious, but they have lots of stuff to go after Biden on and possibly Harris.
Even if Biden stays, he'll be lame duck for two years. A flipped house and Senate will not let him confirm a soul. Biden's only option will be exec order until he is gone. With current economy and all the bad decisions that Biden and his admin are currently fighting, white washing, denying, 2024 is looking like a republican slam dunk.
Politicians don't give a rats azz if you're jps or common.
It's called JPS math. Lol
Thompson won't get a utility model done though, I bet. Utility models are harder to manipulate based on the current administrations constant racial inequality in housing mantra. This is probably why Mad Max Waters got fired up when Calhoun was mentioned to be nominated. She found out he'd move towards utility.
Unless they get Calhoun in, I don't see utility model on the horizon. More like what Robertfromyahoo has been posting, the death by 1,000 cuts. Thompson is way out of her league to release this but she is being coached or maneuvered into making socialist policy backed changes.
Nothing good happens until midterms, and that's only if they manage to flip a majority in both houses, JMHO
Lol, yep. That's pretty close to how it went. Lolol
Thank you. Good answer. They've been doing administrative changes for years! Albeit not very aeffectively due to the pin-pong Democrat/Republican administration changes, so I agree with you on that. 2 steps forward and one step back.
If we ever get a regulator that is not a single actor/director at FHFA, but a board of people who are hopefully chosen as non partisan as possible, so true and good administrative policy for the GSE's can be made law. Having the one FHFA head answerable to potus is exactly what we don't want, as we stay a political football forever. Politicians in DC who are concerned with doing what is right ought to see this clear as day.
How can he be right? No one knows what the cap rule will be. No one knows what money courts may make goverment pay back. No knows what the government may or may not do.
I dont know where you get 3 decades from? Scar monger much, lol
Anyone not a moron knows it will be way less than 3 decades. The warrants have an expiration. If government tries to extend, I forsee more legal actions.
You don't understand the difference between chapter 11 and conservatorship.
Answer me, are they same? If not, then why have they been calling it a conservatorship for over 13 years? The government hera law, nothing in any amendment says chapter 11. No news person, Tim H. Epstein, no one has called it a chapter 11.
You and a very few others keep pushing this as a chapter 11, most here know the difference between that and a conservatorship. Look it up. I posted a definition on both weeks ago.
That is true Brooge. I side with those who have hope, morals, some faith in rule of law and fair capitalism. We've been kicked one too many times in the nads to belive anything. I marvel at those who continually buy when this pops 0.25, 0.50 or even $2 and shouting too the moon, lol. Unless you are accumulating based on your own speculative reasons, which would be my case, you're probably losing if you're trading but there are many who think they'll catch this on the way up or a tail wind to make a fortune on nickel pops, lol
Maybe a few do manage to time this for gain, but what gain unless your risking 10's of thousands.
I said it when I first joined Ihub, that this is all manipulation and until we breech $6.50 or higher, anything under is prone to more manipulation. $6.50 if hit and maintained for a period, would be a sign for me that going higher is possible.
Can folks make money on those quarter, fifty cent moves? Sure, but I bet more or losing money than gaining. Seen this being fished in a range for years. Someone or group with deep pockets or government backing (my bet) that keeps busting the balls of the majority of investors/speculators on here for years. We've been as high as $6.25 and when that happened government got caught off guard, but it didn't take long for them to drop it back to the $3 range, then eventually tightening so that this goes from $1 to no more than $3,50, no matter what. It's criminal and exactly why government wanted us on the otc. They know the SEC and anyone else pays way less attention to this markets nefarious bs.
Field guide my azz. You only need to post a suitcase or duffle bag full of cash....there's your field guide.
Alls one of these political idiots has to do is set a presidence and start the dominos falling. Trump, knew better too.
They've all got some form of image or career busting dirt on each other. It only takes one to start the shitfest. Hopefully, yes. Biden and his pose are dumb enough to light the fuse.
Soooo many bs thesis, that never prove out. Like chapter 11, lol
I guess they need to rename chapter 11 to conservatorship in which a company builds capital? Just because you push a narrative will not make it so....some will find out the hard way.
Why would they need to re-org when they build capital just fine from quarter to quarter? You fail to acknowledge this constantly.
This is also never been advertised as a chapter 11, other than a Calbria off the cuff remark like his cucumber poop comments, so why would this be a chap11?
Lmfao! That's good stuff.
Okay then....thanks FoFreddie also.
Guido, Navy thanks for the info and for "ringing the bells" of all those folks on twitter.
When is someone in the media going to take a stand for capitalism?
Here's something to tweak your disdain. Only 32% of people polled think the supreme court is motivated by the laws. Is that sad or what? If I was a SCOTUS justice, I'd be ashamed. See the link.
It does explain alot though, that most here already knew.
https://www.newsmax.com/us/scotus-politics-quinnipiac-poll/2021/11/19/id/1045440/
I second that! Good call Golfbum22
Sit tight, he's out kite surfing.
In Michigan we have proposal A, which when passed years ago, limits property tax assessments to the yearly rate of inflation, but not to exceed 5%. Many years as inflation ran at 2% or less, tge assessments were manageable. This year all of Michigan is screwed with inflation running at 6%+ we will be getting slammed with 5% assessmenta next year.
Cats thing got beat to death. Lol I forget how that got started.
I must have missed the limoncello post! Dam