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NY TIMES UNCOVERS WELLS FARGO, WH SCANDAL
It was at $68.00 Eight years ago. Its worth a helluva lot more now...
There is absolutely no excuse for government to keep their hand and control in FNMA's business. Bill Ackman has been lobbying the congress to free FNMA and get their hand and interest out of FNMA's business. All the filthy business and schemes that government did back in 2009 to arrange all the big banks to gobble up small banks will forever end and stop when Trump takes over. We all know millions of dollars that many senators pocketed millions of profit during that period when most Americans lost millions with the mutual funds got wiped out 70 to 80% just by insider tradings. This has to stop. The senators shall not allow to trade based on insider trading news and profit from it. That not only promote dishonesty, but also promote corruptions. Totally unethical.
THIS IS A PRIVATE COMPANY THAT SITS IN PRISON IN THE LAND OF THE FREE! ****WORLD INVESTORS BEWARE****
I cried when I listened to Jimmy Carter's speech "Crisis of Confidence" The loss of trust, respect and confidence that Americans for its government, medias and teachers go back decades in this country. There is a great reason why Trump is elected. People fed up and people want to stop corruptions and they are looking for good change.
Let me repeat again that government must get out of controlling FNMA. Keep their filthy hand out of FNMA's business.
Thinks it funny when we are willing to give 100 Billion plus to Iran, but can't find the money to pay back shareholders
Two Private Companies sit as HOSTAGES... and ROBBED so they cannot build equity???? Who thought of this and is keeping this idea still in FULL FORCE??? FHFA???? REALLY????
95 MILLION in wasted taxpayer money each year on an agency(FHFA) that not only doesn't do its job...it does the exact opposite in which it was designed to do.... PRESERVE and CONSERVE NOT SWEEP AND KEEP!
copied from a Swissquote document issuedJanuary 31st::
USA: project to privatize Fannie and Freddie Mac
Washington (awp / afp) - The US banking profession wants to transform the mortgage refinancing agencies Fannie Mae and Freddie Mac, kept under state tutelage since the real estate crisis, into "private non-profit organizations," according to the Mortgage Bankers Association (MBA).
This group of real estate lenders proposed on Tuesday a draft reform of the two historical institutions that guarantee billions of dollars of real estate loans in the United States.
Fannie Mae and Freddie Mac, who do not make loans but redeem the loans to the banks and guarantee them, have remained under the control of the State since the latter had to inject 188 billion dollars to save them from the rout During the bursting of the real estate bubble in 2008. These organizations securitize mortgages and resell them to investors.
Their complex reform is a sea snake since the resumption of the real estate market. The guarantee they provide to loans allows banks to offer credit at 30 years, a specificity of the US market. At the same time, being placed under the guardianship of the State, they regularly return juicy dividends to the Treasury since the housing market has regained growth.
The reform project of the MBA association consists of transforming Fannie Mae and Freddie Mac into privately-owned establishments which would allow the entry of competing guarantors into the market.
The State guarantee would be "explicit" but would only cover the titles placed on the market by these bodies and not the organizations themselves.
They would have public service obligations, such as providing "affordable" 30-year home loans, but their profits would be limited.
This reform of GSE (Government sponsored enterprises) is a priority of the Trump administration, recently said the future Treasury Secretary Steven Mnuchin, who was however not very clear on his preferences.
"We need a reform of the housing market, so we should not leave Fannie and Freddie as they are in the next four or eight years," the former banker told a congressional hearing. mid-January.
The Mortgage Bankers Association intends to publish a full proposal for its reform in April.
Afp / rp
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Translated from a french written document.
"...The administrative record on which Judge Lamberth based his opinion dismissing the District Court litigation was incomplete."
We the taxpayers would like a tax credit from the billions of over-payment to the government. MAKE AMERICA GREAT AGAIN
Yeah Im wondering how I got so lucky. Big Yank & Along4zRide care about my money more than my mom. Preferrred's killed it yesterday, FNMFN, FMCKP, FMCCT, FMCCP, FMCCH, FNMAS, FMCKJ.
Judge Lamberth should either be "A" pissed that the DOJ lawyers lied to him, or "B" be upset that he went along with this scam and is now going to be exposed which could tarnish is legacy.
There are two teams here..... One that believes that they are above the Law, and that it is OK to steal from private, and that their Cause out weights the Cause of the country they live in. On the other team we have those who see that these two companies that have been providing opportunity for people to build and grow for the past 80 years, and that these two institution should go back to their rightful owners, and by stealing from private is setting the wrong precedence for our Country; in which too many have fought or died for these Freedoms.... So really it is simple and it comes down to.... WHICH TEAM DO YOU PLAY FOR????
Fannie Mae's Connecticut Avenue Securities Receive Top Honors from Risk MagazineUnique structure,
Did this really happen in our country, the Land of the Free? 1. The banks sold us, Fannie and Freedie fraudulent loans in which they lied about their valuation, since they had many more homes that they needed to get off their books. Then the Government took us by surprise and put us in prison with no voice or no rights.
2. They took control of our business, fired off all our elected officers, and placed the rest of these risky fraudulent loans on our books. Under their conservatorship and with their officers so they could then place the bulk of these fraudulent loans, besides who was going to tell... the fox was now guarding the hen house. All while calling us names and blaming us for their crimes.
3. The Government didn't know the exact extent of the fraud so they placed an exorbitantly high risk assessment on the these fraudulent loans they forced on our books... so instead of 100 billion of potential bad loans loss they put the number at 500 Billion.
4. On this inflated number they then charged us 10% interest while charging the criminal banks 0-4%, and the right to steal 80% of our shares just in case they were right and for their "risk". Even though it was not our companies fault here.
5. After sorting through the loans and getting this high interest, they saw that our company didn't really need it... so they decided to keep all that 187 billion in interest payments... in which most of the debt and payments were because of this high interest.
6. They then reversed the bad assessment in which they knew was coming and then kept the 100 billion reverse payment too.. plus claimed we didn't pay anything back and that we can never PAY them back because they decide conservatorship meant killing us and sweeping all of our profits ..
7. They then start giving all our asset/ business over to these same banks that sold us the fraudulent loans....
8. Lie to Judge Lamberth and presented the courts with false testimony.
9. Intimidate the Senate Judiciary committee into not looking any further.
10. And now they delay, with claims that their crimes should remain secret all while touting they don't lose no sleep over our rights and are the most transparent administration is US history.
SWEENEY DO YOUR JOB, STOP WASTING TAX PAYERS $
The article about Fannie backstopping of Blackstone is very telling. How the hell do you get rid of them now? again IMO
sign this petition so we do not have to wait for them. https://petitions.whitehouse.gov/petition/immediately-abolish-net-worth-sweep-fannie-maefnma-and-freddie-macfmcc
sign this petition so we do not have to wait for them. https://petitions.whitehouse.gov/petition/immediately-abolish-net-worth-sweep-fannie-maefnma-and-freddie-macfmcc
Power to all people, show the docs !
Courts may be all we have. Sweeney needs to step the f*ck up
The Government took our business, fired off all our elected officers, and then placed their officers so they could put the rest of these risky fraudulent loans on our books. What made it even worse is they knew who committed the crimes, and they still went ahead covering our mouths while abiding these criminals...All while calling us names and blaming us.