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Yesterday? That's not an inverted hammer. The wick should be much longer relative to the body, about twice the size. Also candles are BS and rarely mean anything. Better to look at volume and price action.
Release is only countered by TBTF shills so big banks can get the market. If ICBA brought up FnF it is a lock with Trump's follow up comment being to break up big banks. What better way then to empower FnF, something, that if gone would put community banks on a time bomb, waiting for when TBTF banks screw them over with their control over the secondary mortgage market
There was a report very recently with Watt saying he was very close to stopping NWS last time.
This is the same thing that happened with the "I never said 'recap and release'". He can't make it look like he has a solution already if he is still technically negotiating a solution. I'm sure lobbyists would be saying wtf. In his hearing he has argued FOR the success of FnF, how it was governments fault etc.
It's the best way to phrase it to imply that he is paying attention to everyone and hearing their claims.
Oh I thought Sammons was our guy. Didn't read into him.
Why is nobody talking about this? Seems bad.
Ya he knows 100% about NWS. Question is why not just fund subsidies through Congress now that everyone is on board with this deal?
Have a feeling Trump could use the NWS to fund the wall. It would not need Congress approval. And the ten billion he got in last dividend payment is probably at least a third of the cost needed.
Would be stupid not to take it for the highly contested wall. I see next few NWS going through, but see good housing reform going through anyway. He could also just use the 10 billion to start the wall and say "wow it's half done and you're going to just leave the much needed wall on childish politics."
The 2 million buy on Fnmas was sold later a few hours after.
What they want is clear, the secondary mortgage market. Them switching from demanding the whole market, to just a part of it, is a significant development. I would not compromise since they would not mind taking the whole hand if we give a finger and we have no logical incentive to compromise.
I can understand but I don't see how this change can be viewed negatively.
We should not compromise though, we pulled them closer to our side because our position is completely sound and the only thing they are trying to do is sneak their way into the secondary mortgage market. We have no intellectual reason to compromise. We still win with this new proposal but there risk no reason to weaken our position for the sake of compromise. These guys have been trying to kill us since the start, and if we give them a finger they will take the whole arm.
It could, but it is a change in stance deliberately put in to appease our side meaning our side has strong ground. It also isn't final, and we are in a good financial spot if we are released soundly.
I don't have a link and I am on my phone, but here is the first point under transition under their new 60 page proposal:
"Preserving the existing human capital
and operational processes at both
GSEs and reasonably supporting their
emergence as viable Guarantors"
That seems to me like they could not sell Mnuchin or administration on why they should wind down the successful GSEs and are forced to include them in their plan.
What do you mean? I thought previous position called for winding down GSEs, now they want to let them be private Guarantors. That is good for shareholders. Means the MBA is no longer fighting to wipe out their shares.
Look at the first point in their transition section of their new proposal.
The news that our greatest opponent that was fighting for shutdown of GSEs just changed their proposal and is no longer calling for GSE shutdown? The fact that there is no longer any party fighting for the shutdown of the GSEs?
Bro, it's $280 from my calculations.
You're forgetting the TBTF bank win. That's what is and has always been holding us back. That's why it's huge that they stopped calling for a shutdown of the GSEs.
"Preserving the existing human capital
and operational processes at both
GSEs and reasonably supporting their
emergence as viable Guarantors."
Looks like this plan keeps FnF in tact,at least under the transition period.
The language seems to suggest a kind of capitulation after they lobbied to end FnF. It's interesting that they left this in the Transition section and the word "reasonably" .
Ya I'm just having fun, he is a small player despite his position.
Mel "dindu-nuffin-it-was-like-this-when-I - got-here-go-through-congress-so-I-dont-get-blamed-just-collecting-my-paycheque-I-dont-lose-sleep-at-night-thinking-about-the-shareholders" Watt couldn't do anything to fix this.
The only good thing about the Stevens interview is that he said nothing to suggest that Mnuchin was supporting his plan. This is despite MBA lobbying him already for months now. Even using sales language "we have the most detailed plan" nothing saying they are accepted. Also saying won't see reform until after tax reform. So not bad news to hear that MBA hasn't gotten anywhere yet.
I did. He said nothing that is good. He is a rat, have you seen MBA plan? He's trying to weasel his way on TV to garner support. Mnuchin won't buy it though.
Wtf how are people saying MBA Stevens is good for us? This is literally who we are fighting. He wants to hand the market over to his TBTF friends!
Wow 500k volume by 2pm. Everyone is locked in on their positions.
OK but where are the petitions they are responding to?
Where can I find the petitions they have to respond to? Also 15 days is impressive. Used to them drawing this stuff out forever.
What is a PACER account?
Does anyone know the email(s) of the plaintiffs in the Perry appeal? How can I contact them?
37% short today, 32% short Friday. Record amount of shorting near the low of the month.
Bro, they are not giving back 187 billion for recap and release. Dream on. Trump isn't giving almost 1/5 trillion from the budget to FnF. He is trying to make his budget look as good as possible while avoiding all the publicity that giving "the guys who caused the housing crisis (that's what they'll be called" 200 billion.
"that Mnuchin would view what you call the bailout of Fannie and (probably) Freddie that likely would occur in the wake of tax reform not as a crisis but as confirmation of why the indefinite conservatorship of the companies needs to end."
If you believe Howard has met with Mnuchin as I do, then Mnuchin is going to use the bailout as the political spark to go forward with housing reform. With Howard repeatedly saying that the security risk model wouldn't pass Mnuchin's scrutiny, and that recap and release is the only solution, it seems like we are waiting for tax reform to force a writedown.
Exactly, nobody is going to to sell you this for less than 10 dollars a share if NWS is ended and bullish plans are made.
I have exams now lol, when they're done I'll be on Corkers ass like white on rice. He better be scared.
Glad you understand politics and media. First time I noticed this was in 2012 election. Forgot what exactly, but remember thinking "hey that's theft, but they are completely ignoring it, talking about stupid stuff instead". You can call the other side bigots, ignorant, incompetent, racist, narrowminded, you only care about the rich, etc. But never a crook, a fraud, dishonest, bought off, or deceitful. Trump really is the first to do that. Probably since he has nothing on him (with MSM hunting for something, Obama surveillance, and more, would have found something by now).
With corruption so rampant in politics and congressmen making millions from lobbyists, you would expect the term to be thrown around more. I mean not even SJW Bernie called anyone a crook or fraud. Who can blame him? I mean I'm not sure I would use anything apart from fraud to describe someone still campaigning months after a win is impossible asking for donations from college kid, anything else.
Did you just assume that fox's gender?
So in casual terms, Sweeney is pissed at the plaintiffs and is letting defendants use the "honor" system so plaintiffs can't say Sweeney showed bias in production of documents?
That wouldn't hold in the SCOTUS. Dividend rights transfer with the stock. It doesn't matter when you bought it. When have you ever heard any different? It's pure fraud to suggest otherwise.