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CNN live breaking: Trump restarting health care talks...
Saw it just now.
If Trump ends the NWS this week and Obamacare implodes...
And it's discovered by mainstream and public that Obama was stealing profits from F and F for his own political agenda, would that make the entire SPSPA void since it was violated?
The money for the subsidies came from the Treasurys General Fund....
https://mobile.nytimes.com/2016/09/30/business/obama-affordable-care-act.html
Depends, does the NWS fund Obamacare?
If so, how would trump explain the lack of funding for Obamacare and the sudden failure if not for the reason that NWS was illegal...? If he uses the NWS funds for something else and Obamacare goes under, then what will he tell the public? :)
He wont have a reason because he would have been gulity of the same doing. Actually worse than Obama because not only would he have stolen but he would have done it at the expense of the sick and on the backs of the shareholders lol so a double whammy LOL.
At this time, with all thats going on politically with him, that wouldn't be very helpful to his presidency haha.
It fits exactly with the Yearly Subsidies they would pay to the Insurance companies.
-In 2012,they amended the SPSPA to go from a fixed dividend to a variable, meaning they could take whatever profits from fannie and freddie they wanted.
-The Premium Tax Credit Sibsidy System was established just a few months prior in the same year.
-The law states that as the insurance companies raise their premium prices, the government would match the increases so that consumers would not feel the pain. This connects to the changing of the fixed dividend to the variable. Otherwise how else would the government match the increases without a backlash, either from congress or the american taxpayers?
-Research shows that the funding for the Premium Tax Credits came from the Treasury Department. Not from Congress.
"As part of the Affordable Care Act, tax credits are available to help offset the costs of the premiums. Roughly 85% of Obamacare customers currently qualify for tax credits and the average subsidy in 2016 was $290/month. As premiums increase, so do the subsidies from the government. The administration has noted that nearly three-fourths of consumers can find plans for less than $100 a month with federal subsidies."
Can someone on here please tell me, how do they increase the subsidies without anyone knowing? Cause I know that can't happen through congress or taxpayers..if they keep increasing as the premiums do.it makes too much sense. It's related to the changes they made to the SPSPA in 2012!!
Another thing I just dug up...
So the 2012 amendment to the SPSPA made the fixed dividend a variable structure which to my knowledge means rather than a fixed 10% dividend, the government with the Variable could take whatever amount it choose from Fannie or Freddie is this correct or wrong?
Coincidentally, or not, All of the Subsidies provided by Obamacare to insurance companies, as the premiums went up, the higher the costs, the more the government would pay and according to the health secretary at the time in an article I read, this was a variable structure too! In other words, the higher the costs insurance providers would charge, the government would subsidize it as it and match...Variable...
Add to this all the other coincidences...and it makes a lot of sense.
So I did some digging and think I found some stuff.
The Premium Tax credits were subsidies, given to health insurance companies in order to reduce the costs for Lower and Middle income individuals. The funds for this came from the Treasury department...Congress was bypassed.
The Premium Tax Credits system originated or had its beginnings in May 2012, atleast that's when some of the first rules and regulation came about...this was only a few months before they changed the rules on Fannie and Freddie and started taking all of the GSEs profits....which was in August 2012....Coincidence?
Something has to give because where was the Treasury getting this money from? Unless they were printing it themselves. Taxpayers but it wouldn't have been enough.
So something about this whole thing does seem strange. It's not just some conspiracy.
Why hasn't there been any word or reaction from Obama upon the GOP plan failing? Just something to think about.
I have checked google and haven't seen much since the 23rd...
Not trying to speculate lol but just noticed that. Or has there been any reaction from Obama himself?
Also, assuming Obamacare was funded in part by NWS, how many democrats are likely to know about it besides Obama and ppl in the White House at the time?
The Housing Industry would suffer. That is the problem with taking from Fannie and Freddie. They didn't run out of money during the Obama admin but they are likely too in 2016. It would telling majority of people they can't buy a home because government won't subsidize it anymore...add to that it would conflict with their tax plan...add to that the 11K documents hidden related due to the fact that it would roil the markets...either way this admin loses. It's a catch 22 as I have said. You keep taking and the middle class and lower income won't be able to buy a home. You don't and money runs out for something.
Question is why would the Obama Admin keep taking illegally as they did? There has to be a reason...
Bottom line...there's no benefit at all for this admin to keep taking. There just isn't.
Either Obamacare fails or Housing finance fails. Pick one. That's essentially what's at stake. You are basically ending one or the other. Assuming again Obamacare is backed somewhat by NWS. Because if you keep using the funds from NWS for Obamacare, well then come Jan 1 2018 or even much prior, Fannie and Freddie may go broke lol. Then you would have a majority of the population who wouldn't be able to afford to buy a home lol.
Pick one. It's a catch 22. Assuming again that NWS partially supports Obamacare. Why any administration would be so careless is beyond me.
The Housing industry appears far more important than Healthcare. You're stopping people middle class and lower income from chance at buying a home.
Also, good luck trying to take NWS and find a solution to housing finance before The twins collapse. Congress is messed up to do anything because there is so many different views lol. Example: Hensarling wants to wind them down LOL.
How greater have the odds gotten that SPSPA will be ultimately voided and all prior payments including dividends returned?
If one thinks about it deeply,
Hypothetically assuming this NWS does fund Obamacare, and assuming it is canceled, there will be quite a bit of a blowback from people who suddenly realize that they don't have any healthcare. Since it won't be funded fully.
Assuming further, aside from the healthcare, now how would someone go about recapitalizing Fannie and Freddie?
If you simply just allow them to recap on their own with their own profits or by just canceling the NWS, then this strategy would take years would it not? Possibly multiple adminstrations? So you run the risk of another president or someone coming into power and changing policy I assume.
Further if you release them without canceling the warrants and eventually you exercise and dilute the shares, then you'd face blowback as well because people would see the government as not just stealing from privately owned companies for a long time as they did under Obama, but they'd see your administration doing the same thing, so you'd still face blowback, and you'd be considered as doing the same as Obama..
Lets give an example: Obamacare is no more or implodes because the NWS is canceled. The public is angry because they don't have or cannot afford any healthcare.
You explain to them that Obamacare was being Illegally funded by stealing from companies profits, and that canceling the NWS was the right thing to do and lawful.
Now if you do that, then you cannot keep using the funds from NWS for your own agenda and you would have to give it back to Fannie and Freddie. Otherwise you'd be hypocritical.
Also the lawsuits pending, one would assume that if this whole ponzi scheme is brought into the public light, which it would be if this is true, what other proof or evidence would the courts or judges need to see the fraud that was going on, that the government itself openly admitting it?
Knowing that, what would stop SPSPA from being voided in that case?
“Actually, I think we were probably doing the Democrats a favor. I think we were doing the architects of Obama a favor by passing this law before it gets even worse.”
“Well, I guess that favor is not going to be given to them, and it’s going to get worse.”
Analyzing many quotes and things said by Paul Ryan and tweeted by Trump, especially recently where Trump mentioned "Do Not Worry"....
What's with the arrogance or have these two always been like this? Meaning saying and making such bold predictions? Like Trump has even said he will sit back and that the Democrats will come running to him "Soon" and they'll work together on a new healthcare Bill? Unless he's extremely delusional what could these hidden quotes mean?
Unless they really are delusional and making fools of themselves. The way they talk and attitude and quotes give me a sense that they know something...
What does that mean lol?
Also, assuming this whole ACA funding holds truth,
Then correct me if I'm wrong but we're talking about everything being void since this fraud would be proven true aren't we? The spspa would be void since it was illegally violated...
From a political and optics perspective,
Suppose he Trump became president and found out that the NWS was being used to fund Obamacare but that this was kept secret from the public and mainstream. Hence all the sealed documents.
What would be the best way to go about it? You could either stop the NWS in March and cause chaos in the healthcare markets and amongst the public because it would not be funded and there is no alternative. The image of that suddenly being done wouldn't look good at all. Esp when mainstream press is already so against you.
So what do you do? You come up with another healthcare plan or try too and attempt to repeal and replace Obamacare. This way, you have an out if you decide to stop the NWS, as someone mentioned before if you stop the NWS congress won't fund it and they've already rejected your bill, so a person who takes that position ala Trump doesn't come out as bad but those people would because you gave them your version, they say no, you stop NWS, the ball would be in their court then.
So from an optics perspective, he appears to be headed that way. But I could be totally off. lol don't know what anyone wants to do.
Obamacare affect on NWS
So it looks like repeal and replace won't happen as there aren't enough votes.
If NWS is or was used to take from Fannie and Freddie and fund Obamacare, then why what would
happen if Trump just stopped the NWS and how would Obamacare be funded then?
Hi,
I'm new to this board and I have a few questions I was hopeing to get an answer on. :)
1.) This whole lawsuit with Judge Sweeney ordering the government to handover some of the privilege documents, considering that the government did everything in its power to delay and not let the plaintiffs in the case look at these, again from my knowledge and I could be wrong, it would tell me the government was trying to hide or coverup something, so wouldn't this discovery lead to the truth and hence the plaintiffs being in a better position?
2.) Does anyone know if these big hedge funds own common or do they own preferred shares of stock? I thought I read somewhere that John Paulson owned common shares.
3.) The whole scenario of a recap and release, If the government simply allows them to keep their money they give in the NWS and starts letting them recapitalize, it would take a long time. I think I read somewhere if they only did that, they risk there being a new administration and a change of policies so why risk that if you're Trump and Mnuchin and you want to privatize these entities as soon as possible?
4.) If you exercise the warrants and then sell the shares to the public for profit, that's taking liquidity out of the company and hence affecting it correct? Why would you want to do that if you're the government? Yes profit but it would be at the risk of taking away liquidity for Fannie and Freddie wouldn't it?
5.) What are the scenarios and chances where SPSPA can be ruled void and everything that's happend was fraud to begin with? Considering this whole document release on April 17th? Is there any decent odds? How about odds of a settlement?