Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just as an FYI, I did contact 5th circuit awhile back.See post 541210 as to there reply. Their email address is embedded in the message.
Can we get this as a sticky, so more people see it and submit to White House
Thanks for consideration
Sounds like a plan
Please see post 541210
What we need is national media attention. Why CNN,NBC,CBS,ABC,FOX, will not cover,I wish I knew.Until we get that coverage Trump and his admin could care less. If they started getting some heat from national news, they might do something. If it causes votes,that’s all that matters. How do we get Gutfeld,Hannity,Carson,etc.to talk about this???????
Is there any evidence they denied Calabria attorney’s letter changing their position about constitutionality of FHFA
He also seems to use FOFreddie as an alternate handle. Not sure why.
I agree, hope we are right. It would expedite closure dramatically. I.e , if SCOTUS refuses to hear. It falls back to 5th previous decision...DONE!!!!!
This may be of interest to you.I have contacted 5th cc. This is the reply. Email address is embedded.
There are no deadline requirements on the release of the opinion, it simply takes as long as it takes.
I hope this answers your question.
Have a nice day!
Margaret Dufour
Help Desk
5th Circuit Court of Appeals
ca05_cmecf@ca5.uscourts.gov
From:
To: ca05_cmecf@ca5.uscourts.gov
Date: 06/13/2019 05:32 PM
Subject: Re: Case 17-20364
Ms Dufour,
Is there any standard for length of time for an opinion to be published after oral arguments hearing.
I notice this case is now outstanding longer then any others this year.
Just wondering what might be holding things up.
Thanks
Sent from my iPad
On Jun 5, 2019, at 6:38 AM, ca05_cmecf@ca5.uscourts.gov wrote:
I have requested you be notified when the opinion is released.
I hope this answers your question.
Have a nice day!
Margaret Dufour
Help Desk
5th Circuit Court of Appeals
ca05_cmecf@ca5.uscourts.gov
From:
To: ca05_cmecf@ca5.uscourts.gov
Date: 06/04/2019 09:43 PM
Subject: Case 17-20364
Ms Dufour,
I would like to be notified when case number 17-20364 in the 5th circuit is released.
If you wouldn’t mind please reply to this email.
Thank you in advance,
If en banc ruling is adverse to govt. NWS would be stopped. Govt could not sweep until favorable SCOTUS direction, which would be a long time.
Someone needs to tell this writer, his idea, will add 5 trillion dollars to the national debt....i.e. political suicide.
14 here in Az that will stand down, unless trump admin does the right thing for common shatreholders.
Many of the weatherman are still around...
If en banc rules that NWS is illegal, then govt cannot continue sweep while awaiting SCOTUS direction. Correct?
Thank you for your reply. Until I invested in Fnma over 10 years ago, I believed in this country. But we are now witnessing the beginning of the end on many levels. I am saddened for the youth of today.
This seems absurd. A party trying to prolong the decision could keep changing their position back and forth forever.
Mr Obiterdictum,
Would you mind providing your thoughts on today’s news about a letter from Calabria to the 5th circuit (article is written by j Carney). Where mr Calabria is reversing FHFA position on constitutionality of FHFA directorship and NWS.
Also, can they even submit this far after oral arguments?
THank you in advance for insight
That’s what I was thinking. Will a letter be considered this late in? I mean if I was in the middle of a personal civil case, and case went to the jury... now a day into deliberation the other side says, oh yeah,I got some more stuff I forgot to say, I would hope my attorney would object. I’m not a lawyer so would. Appreciate any knowledgeable feedback...Does en banc have to accept this letter.
Until other countries or large entities stop buying us treasuries. But who can guess when that will be.
Guarantee fees are being held as retained capital and will cover repatilization requires when the time comes. This is from FHFA doc on guarantee fees.
Each Enterprise is subject to a Senior Preferred Stock Purchase Agreement with the U.S. Department of the Treasury, which restricts the ability to retain capital beyond a $3 billion capital reserve. Furthermore, FHFA suspended its quarterly classifications of the capital adequacy of each Enterprise when it placed the Enterprises into conservatorship. However, in order to maintain a sound pricing framework, FHFA expects each Enterprise to set guarantee fees consistent with the amount of capital they would need to support their guarantee businesses if they were able to fully retain capital.
Are OTC markets open this Friday?
Refer to post 531056 by doc 007.
Ok, thanks. I should of figured that out.
Does this Q1 2018 loss? have an impact on listing to NASDAQ or NYSE? Doc007 put out a list of criteria to be listed on NASDAQ, one on the list was,,,,no net losses in last 3 years????
Didn’t GSES have net loss Q1 2018?
Another hack job.Again all opinion and hearsay, not one source is confirmed that this meeting even happened. Read closely, A bunch of no comments or no replys..
Another hack article based on speculation ,opinion,and hearsay.
Govt fiscal calendar ends August 31.
Not sure what your reply means. If you are implying they’ve ignored it, I have a hunch you’re correct.
It’s a shame what this country has become. Common man has no chance unless he/she happens to be on the winning side, either by luck or choice.
I’ve written to SEC twice to have them monitor and regulate/bring action on illegal activity by certain MM’s. I have heard nothing from them. Navy, when you tweet MC,, how about asking to relist and get us off this criminal exchange.
So you believe NWS will happen end of June.
If you don’t mind me asking. How long have you owned the GSE stocks?
Why does exchange show as nasdaq?
Does this type behavior happen on the big boards, NYSE,NASDAQ ?
These reporters should have to post their personal address, so people could provide a personal reply .
Thanks ano
Just now got your message, 2 things cross my mind, one, my privacy, would prefer not to put my email out. I’m trying to understand/figure out your other suggestions. I’ll be back to you tomorrow
Two, is it of value for the whole five pages be posted, it seems my biggest concern was verifying this guy actually made a comment about 3-4 years until IPO/spo.
By the way I hope , IPO/spo happens within next 18 months so Ed mills can eat it.
Not according to some hack at Raymond James, by the name of Ed Mills. Him and his company ,some low level outfit writing bs, they should be prosecuted along with Bloomberg.
I’m a little bit surprised they took this position so publicly.it could come back to haunt them.
Ed Mills
Alex Anderson, Res. Assoc.
WASHINGTON POLICY | PUBLISHED BY RAYMOND JAMES & ASSOCIATES
JUNE 6, 2019 | 12:01 AM EDT
Current State of Housing Finance Reform
Mark Calabria beginning his tenure as Federal Housing Finance Agency (FHFA) Director, a White House-directed effort for the Treasury Department and HUD to draft reform recommendations, and Congressional efforts at legislative reforms are three key factors currently elevating the uncertainty of the future of housing finance reform. Director Calabria has been vocal about his desire to reform, and a timeline for the potential "recap and release" of Fannie Mae and Freddie Mac (the GSEs) is coming into focus. We expect the finalization of a GSE capital rule, reworking of the GSE’s preferred stock purchasing agreement (PSPA), adjustments to the qualified mortgage (QM) patch, and determinations on a potential commitment fee as the necessary first steps before a GSE capital raise could be undertaken. The results of the 2020 elections could add some friction to the process. Near-term we believe Director Calabria (whose term last until 2024) will take actions that limit overall harm to the housing market, but that calculation would need reassessment should President Trump fail to win reelection.
Potential GSE IPO at least 3-4 years away. There has been speculation based on Director Calabria’s comments that regulators could move to position the GSEs for an IPO to raise capital sometime in 2020, but an extensive list of preparatory steps likely prolongs the timeline to somewhere in the range of 3-4 years, if it were to occur. A guiding principal of Calabria’s is that GSE conservatorship has to end, but the GSEs will need to build up sufficient capital in the lead up. Under the proposed capital standards, the entities will need to build around $200-250 billion in capital reserves. A possible sequence of events leading up to an IPO could see the finalization of the GSE capital standards and adjustments to the net worth sweep to allow for more capital retention. Secondary priorities would address the QM patch and a possible commitment fee determination. There will likely need to be a couple years of an established earnings history under the new capital rule and other additional constraints before an IPO can be appropriately considered for additional capital.
More questions than answers? Other questions that likely need to be answered before an IPO or an end to their conservatorship, include the future of the multifamily businesses of the GSEs, potential changes to underwriting standards, debates over the amount credit risk transferred required, ability to charter additional entities, the implementation and potential impact on the new uniform mortgage backed security UMBS, and how any implicit or explicit government backing would work. The FHFA director does not have the ability to establish a government backing, but Director Calabria has suggested using the commitment fee tied to the Treasury line of credit as an interim step.
I can’t figure out how to paste the entire pdf file here. This is a copy/paste of key element
Raymond.....spellcheck