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.
Was that your smartest move😊?
Read the thread.
It's relevant if John Paulson becomes the Secretary of the Treasury. He employed Moelis to come up with the plan. Go back 7 years. Glen and a few others here held commons. They sold after the Blue Print came out. Viking61 made a very good point and I have already acknowledged it.
Unless JP owns commons now, and if you think he will be the next Secretary of the Treasury, I'd advise you to own some preferred. I'm not selling my commons. I'm mainly in commons but have always held some preferred. Not buying more. If I have any cash, will continue buying commons.
Good point. 👏👏👏
EXACTLY!
If he sticks to his Moelis Blue Print, it maximizes the jps but severely limits the commons reaching their potential.
For those who think John Paulson is the next Secretary of the Treasury, it's just common sense, buy jps.
I don't trust him. He's the one that hired Moelis to come up with the "Blue Print". If that weren't enough, like Hank Paulson and Mnuchin, he is a Goldman Sachs alum.
Can't find the source, but remember reading here that Corker and Warner were his clients when he shorted Fannie and Freddie.
See Rodney's earlier post. Those who shorted yesterday HAVE to buy back before it gets worse for them.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173681732
Thanks FOFreddie.
It's pathetic that our government bureaucrats got to pick and choose which corporations survived and benefited from the collapse and destruction of the corporations that these same bureaucrats decided to destroy. If these people were exposed, perhaps Silicon Valley Bank would still be a viable business instead of having it's assets taken over at pennies on the dollar. It's important that government malfeasance be exposed.
Sorry FOFreddie. After reading Howard’s recent article I tried to research what I could about CRTs. I had very little success. I checked to see who wrote favorably about them. I assume these companies or their affiliates sell CRTs to their clients. Freddie Mac’s former CEO also wrote a favorable article. I checked to see if he was working for one of these companies. He isn’t. The same search indicated that he is invested in two companies that sell/invest in MBS (and I assume CRTs).
Hank Paulson wanted to save Goldman Sachs and placate the Chinese and Russian governments who were major holders of MBS. The $250 billion he bought from these two governments and others prevented what recently happened to Silicon Valley Bank and a few others.
Something curious is happening. Some people I don't follow and who don't follow me are responding to Treasury tweets with my tweets. 5 in the last hour. May their numbers grow!
I’ve worked in Congress, I’ve run an agency…special interests have, on average, far more influence at agencies, Chevon deference enables agencies to ignore Congress, often to the benefit of special interests
— Mark Calabria (@MarkCalabria) January 20, 2024
THIS HAS NOTHING TO DO WITH CONGRESS!
Congress didn't put them in conservatorship. FHFA Director did.
Congress didn't sign the SPSPA. It was signed by FHFA Director and Secretary of the Treasury.
Same applies to each amendment of the SPSPA.
Only those happy with the status quo say it's up to Congress.
Why are the two most profitable corporations in the USA still in a "temporary" conservatorship 15 years later? For more looting by @FHFA & @USTreasury ?
— Guido da Costa Pereira (@GuidoPerei) January 19, 2024
FREE FANNIE!
FREE FREDDIE!
IMPRISON THE LOOTERS!https://t.co/0cTESiTRvI
@FinancialCmte @BankingGOP
— Guido da Costa Pereira (@GuidoPerei) January 19, 2024
SHUT DOWN FHFA the most corrupt government agency in history
1. It looted $301 billion of it's wards' equity for pet projects not funded by Congress
2. The CRT program loots it's wards' future revenues
3. It's bloated payroll loots it's wards' profits
Rick: I know you're kidding. Robert and others have discussed Chevron many times on this board. What follows is for the newbies here.
About 40 years ago, in a case relating to Chevron, SCOTUS decided that the courts were not experts in all fields and that they should defer to the expertise of the government regulators to interpret the laws relating to the industries they regulate. This has been referred to as the Chevron deference. Over the years, the goverment agencies have been abusing this deference. Worst of them is FHFA. Attaching a link that explains this in more depth.
https://www.law.cornell.edu/wex/chevron_deference
Thanks for sharing the link. And welcome to the board.
Thanks for posting the article imbellish. Should be great for the whole country, not just Fannie and Freddie shareholders.
Best wishes on your retirement! Hope you make wise choices.
Probably true. But it didn't stop them from accepting donations.
https://www.factcheck.org/2008/09/freddie-fannie-and-barack-corrected/
If Fisher is successful, the corporations get the overpayments returned and the SPS zeroed. If Kelly is successful, the entire conservatorship is reversed and Fannie and Freddie will be among the best capitalized corporations in the world. The other plaintiffs can modify their suits once Lamberth certifies the jury decision.
Sandra holds the key. But she has abrogated it to Congress, whose job ended with the passage of HERA. Enbanc forced Mnuchin and Calabria to stop the NWS. Another court will end the conservatorship.
Hi FOFreddie. Happy New Year to you too. As I am a non-paying member of this board, I can't respond to private messages. What I found out is definitely of interest to other readers here.
I couldn't find any connection between Sandra Thompson and underwriters of the CRTs.
I couldn't readily find the underwiters. So I checked on who was promoting the CRTs. I found articles by Alliance Bernstein, Milliman and our own Don Layton. Checked to see if he was employed by someone selling the CRTs. He isn't. But he has investments in Assured Guarantee Ltd. and American International Group.
After I'm done sending attached tweet to politicians and the media, I'll send Howard's article to them and will definitely use the term "looting".
The Administrative State Congratulating Itself After Successfully Usurping The US Constitution! https://t.co/XhchDcT6jd
— Guido da Costa Pereira (@GuidoPerei) January 14, 2024
"First cast out the beam out of thine own eye; and then shalt thou see clearly to cast out the mote out of thy brother's eye."
— Guido da Costa Pereira (@GuidoPerei) January 16, 2024
FREE FANNIE!
FREE FREDDIE! https://t.co/QsQQaErcNO
"First cast out the beam out of thine own eye; and then shalt thou see clearly to cast out the mote out of thy brother's eye."
— Guido da Costa Pereira (@GuidoPerei) January 16, 2024
FREE FANNIE!
FREE FREDDIE! https://t.co/QsQQaErcNO
Thanks imbellish.
imbellish has been providing us with good data for quite sometime. The link he provided supports his statement. Try listening.
Thanks Rodney.
Ano is on a roll:
https://twitter.com/Ano3020100
That was funny. Will have to learn Thai😊.
Attaching what I found.
https://www.nytimes.com/interactive/2015/12/08/business/In-and-Out-of-the-Revolving-Door.html
https://www.nytimes.com/2015/12/07/business/a-revolving-door-helps-big-banks-quiet-campaign-to-muscle-out-fannie-and-freddie.html
— I Am (@TheYuckyOne) January 13, 2024
I strongly suspect every member of Congress has an otherwise unemployable relative or significant other working at FHFA.
Attention Robert: Please let me know if attached is factual regarding employee benefits. If it isn't, I'll delete my tweet.
@FannieMae & @FreddieMac employees have lost their bonuses, stock options and employee stock purchase plans while their employers remain in a 15 year fraudulent "temporary" conservatorship. Their elected representatives profess concerns for their welfare, but do nothing.
— Guido da Costa Pereira (@GuidoPerei) January 12, 2024
What has @timkaine done the last 15 years about releasing @FreddieMac Virginia's most profitable corporation from a fraudulent "temporary" conservatorship? He just watched while @USTreasury bled it's equity for pet projects not funded by Congress.
— Guido da Costa Pereira (@GuidoPerei) January 12, 2024
FREE FANNIE!
FREE FREDDIE! https://t.co/jNctiGcdqT
If you remember, jps have generally led the way on a run-up. I think the accumulation actually began with FNMFO Dec. 1st.
https://finance.yahoo.com/quote/FNMFO/history?p=FNMFO
4 different jps had volume of over 2 million today. Start of the stampede?
Did our designated whale watcher miss it? Rick?
https://finance.yahoo.com/quotes/fmcc,fnma,fmckj,fmcki,fmccm,fmcck,fmcct,fmcci,fmckk,fmccg,fmcch,fmccl,fmccn,fmcco,fmccp,fmccj,fregp,fmckp,fmccs,fmcko,fmckm,fmckn,fmckl,fnmap,fnmao,fnmfo,fnmam,fnmag,fnman,fnmal,fnmak,fnmah,fnmai,fnmaj,fnmas,fnmat,fnmfm,fnmfn/view/v1
4 different jps had volume of over 2 million today. Start of the stampede?
https://finance.yahoo.com/quotes/fmcc,fnma,fmckj,fmcki,fmccm,fmcck,fmcct,fmcci,fmckk,fmccg,fmcch,fmccl,fmccn,fmcco,fmccp,fmccj,fregp,fmckp,fmccs,fmcko,fmckm,fmckn,fmckl,fnmap,fnmao,fnmfo,fnmam,fnmag,fnman,fnmal,fnmak,fnmah,fnmai,fnmaj,fnmas,fnmat,fnmfm,fnmfn/view/v1
Thanks imbellish.