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No its to align with the administration on the recap and relist ! Sorry cover ur shorts! Lol it’s coming
It’s coming! Winter
Close ur shorts Amigos! Lol!! it’s coming
Remember that in his white paper (Mel’s) he recommended an utility model ! It’s coming and they didn’t need the Congress approval !
Shorts will dry and die in the Sun ! It’s over Amigo ! Cut ur losses and move on with ur life ! Lol it’s coming!!
This is VERY IMPORTANT: WASHINGTON — President Trump’s nominee to head Ginnie Mae appeared to distance himself Tuesday from a 2016 paper he co-wrote on reforming the housing finance system, telling senators that he “hasn’t thought about that paper in two years.”
Michael Bright, now Ginnie Mae's acting president and CEO, drafted the paper with former Federal Housing Finance Agency acting Director Ed DeMarco when both were fellows at the Milken Institute. It proposed placing Fannie Mae and Freddie Mac in receivership, and establishing Ginnie Mae, as a standalone entity separate from the Department of Housing and Urban Development, to provide a backstop for mortgage-backed securities.
But Bright told members of the Senate Banking Committee that he does not intend to advance those proposals in his position, but rather to focus on the day-to-management of the housing agency.
“I’m not in any way here to advocate for anything in that paper,” acting Ginnie CEO Michael Bright said. “I’m here to run the Ginnie Mae program so that we can continue to support FHA and VA and USDA programs in as affordable a manner as possible.”Bloomberg News
“I’m not in any way here to advocate for anything in that paper,” Bright said. “I’m here to run the Ginnie Mae program so that we can continue to support FHA and VA and USDA programs in as affordable a manner as possible.”
But Senate Democrats, who grilled the nominee on the lack of affordable housing goals in the DeMarco-Bright proposal, were skeptical.
“OK, well, it’s your paper,” said Sen. Bob Menendez, D-N.J.
In addition to the paper, Bright also helped write 2013 legislation — sponsored by Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va. — to reform the government-sponsored enterprises as a then-aide to Corker. That bill, which failed to gain enough support to pass the Senate, would have wound down Fannie and Freddie in five years, and created a new backstop for the mortgage market modeled after the Federal Deposit Insurance Corp.
Corker and Warner attempted to revive GSE reform talks last year, but those efforts also stalled.
However, despite the proposals to end the current status quo of the GSEs under government control, Bright said that "aspects of conservatorship have been more durable" than people originally thought at the time the 2013 bill was drafted.
Still, Democrats expressed concern over aspects of the DeMarco-Bright paper.
“Did your proposal not rescind the affordable housing goals without requiring that the new system would serve at least as many borrowers?” said Sen. Sherrod Brown, the committee's ranking member.
Bright answered that he thought the proposal was vague on affordable housing goals, and that he didn’t “have a strong opinion on that now.”
Additionally, Bright said his proposal to make Ginnie Mae independent of HUD is no longer necessary.
“I’ve actually been surprised at how good the working relationship has been between Ginnie and HUD,” he said.
Bright says he stands by his original 2016 proposal as an intellectual matter, but that he’s more concerned now with managing Ginnie Mae.
“I still believe in what Ginnie brings to housing finance reform if and when everybody gets to it, but that’s not why I’m here,” he said.
Sunshine on my shoulder makes me happy ??!!
Now that’s NEWS ! It’s coming!!
Amigo It’s coming!!! beware!!!
Plzzzzzzzz !! Did you close ur position at @1.50 that 20k !! If not plz do I hate to see you ur life’s savings ! Lol
Nice ! GOD WILLING! Love our country!
I hear you Brother! It’s been a long and crazy ride but it the end I see victory! Money
Short position sucks ! Lol
Never fear
Never fear
Money time is here !!
Let’s see ! I have 1M betting on it.
Holding strong for 10 years!
No wrong !! holding for 10 years ! ITS COMING! SHORTS SORRY , the End is near !!
Never fear
Never fear
TRUMP IS HEREEEEEE
IN THE END RULE OF LAW WILL PREVAIL!!
Wow !! it’s unbelievable you completely WRONG this time it’s different Amigo !
Shorties ITS OVER The leadership changes at Fannie come amid continued questions about the future of the GSEs. The Trump administration recently released a broad plan to recapitalize Fannie and Freddie Mac along with the creation of additional competitors. Treasury Secretary Steven Mnuchin, meanwhile, has said the issue of housing finance reform will be taken up next year.
Wrong again my young man! It’s coming
Lol dude I have 1.200.000 @ .92 !
Life is good
Off dude it will happen and if ur shorts plz cover hate to see people lose money!
It’s happening my friend ! I think .15 tomorrow!
All the shorts on this board ! Jump on the train !
Zride thoughts plzzz lol winter around the corner!
all on board the train is about to leave!
It’s coming!
Shorts @1.50 !! Nervous lol ! It’s coming!!
Unbelievable just give up Amigo !! The twins are here to stay !! THE WILL BE RECAP AND RELIST AND YOU WILL LOSE THE LITTLE MONEY U HAVE !!!! If u need It will lend you 20k shares !
Hate to see you lose our house again !
Jump on the train you will make more money yyyy lol
AGREE TOTALLY with MR YANKSGHOST
Well that 20k @1.50 lol just imagine if a another court decision in Our favor and the baby pops ! Wow and you losing our life time savings ! Lol amigo I don’t want that to happen! Cover WINTER IS COMING! Lol
On September 6, 2008, the director of the Federal Housing Finance Agency (FHFA), James B. Lockhart III, announced his decision to place the two GSEs into a conservatorship run by the FHFA. Unconstitutional by the courts!!
You lose!!!! Game over!! This is the greatest nation on Earth! RULE OF LAW
NEVER FEAR
NEVER FEAR
WINTER IS HEREEEEE
Oh no Amigo !! I’ve been invested since 2008 on an average of.92 and I have a shit load of momeyyyyyy ! Life is Good and the END IS NEAR ! WINTER IS COMING! Shortie cover ur butt ! Lol
RULE OF LAW !! U can’t take private properties! Without compensation!!
SHAREHOLDERS WE WON !
It’s coming home !
WINTER IS AROUND THE CORNER!!
Better find ur cover !LOL
OMG !! ITS OVER !! SHORTS WINTER IS COMING!!!
COVER!!