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I agree. If this makes it through the courts, burn every investment study, paper, book and educational materials you have. It's a new unshackled era of finance.
We'll have our own Farenheit 930 party.
FYI. I'm currently in the process of getting my CFE (Certified Financial Expropriator) credential. Pretty stoked.
I suggest you take advice from this guy. He really sticks to his guns no matter what ails him in the short term.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113469180
It all originated from Halloween folklore.
I don't have time to describe it all here. But it refers to people that open up their bag and allow strangers to overflow it will stacks of cash.
Me too. Was much easier than I thought it would be. Went ahead and contacted my house rep too.
Can anyone check to see if @RobNeEmInTheBack is still there?
Excellent Post On TH717 Video:
https://thetruthaboutfannieandfreddie.wordpress.com/2015/11/01/three-new-animated-videos/
Yep, gotta keep pushing until we get our company back.
Yep, that's why so many are fighting this false narrative.
Of course America is the only country with a 30 year loan. We ARE different than everyone else. We are the land of equal opportunity, not segregation. We can't go back 50 years on this. Not now, not ever.
There's a lot of stories about this and Wallison.
Here's one here:
http://timhoward717.com/2015/01/17/peter-wallison-voodoo-economics-scholar-or-sociopathic-liar/
They want them killed off because they feel they are artificially allowing those who shouldn't be able to afford a home get one. They believe the free market would never loan to these people at these prices. They are fine with renters and feel the bankers can do a better job of free market loan pricing. Bottom line, they want this in private hands and they want it free of baggage (existing shareholders).
Carney has been anti GSE then and anti GSE now. There is nothing new about any of this. Wallison and Carney want the GSEs killed off. That's their solution for everything.
Backing up their big lie does not help us. It hurts us as Wallison's solution is to kill the GSEs.
@Carney #lastman
Sorry to hear people were making fun of you back in high school as well :(
When viewed from above, the skyways between the buildings form the letters FH, which I can only assume stand for F Hank. Brings tears to my eyes...
Wow, I really thought that was just your user name you picked. I didn't know you had some tight affiliation with the higher ups at John Deere.
Keep spreading the word...
Here's my new investment plan:
Look for some guy who started a new job at TBTF with the requirement to wipe his life history from twitter and message boards.
Then start following his advice to short non-TBTF.
I don't know, sounds like a great plan to me.
FYI. I updated gseopinions.com with the politician aspect of GSE abolishers motivation. Take a look. It’s no surprise really, but shocking when you actually see it on paper. Every politician pushing to abolish the GSEs are in the pocket of TBTF. Click the links for proof. The ones that are trying to back the GSEs are not in TBTF pocket. Talk about pay to play here…
I tweeted on this as well. Please retweet to support.
Surprise, Surprise, Surprise!
— Matt Hill (@hill_matt) July 1, 2015
The Lotus123 don't lie. http://t.co/pYkXnsSpsn#FannieGate @timhoward717 @JoshRosner pic.twitter.com/sSytVbPwyA
Thanks. I do appreciate that.
I took the opportunity last year to cover myself. Have doubled my original investment. Everything left is still huge and house money.
I just have too many scars over the last 7 years to give up on it. Wasting too much of life on this crap, when I could have been a good dad or something. You may very well end up right, but I'm hardwired on this. Even if Obama personally called and said he made a pact with Republicans to bend me over the rails and I better get out now, I'd still probably stick to it.
My job ain't gonna get me to the top and it's too late to start a male escort career, so this is it for me.
Morgan Stanley Providing GSE direction before Conservatorship
This was a good one. Couldn't resist dropping my own inside knowledge to it:
=======================================================
adam spittler @aspit
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/14/AR2008081403604_2.html … Interesting no fee for the GSE analysis by Morgan Stanley
6:45 PM - 18 May 2015
David Fiderer ?@Ny1david 45m45 minutes ago
@aspit @timhoward717 they made money on trades and on the AIG work.
timhoward717 ?@timhoward717 41m41 minutes ago
@Ny1david @aspit Talk about the fox guarding the hen house. @SenWarren silence on this has completely destroyed her credibility.
Matt Hill ?@hill_matt 3m3 minutes ago
@aspit Putin even commented about this on Russia's twitter app. He said of Paulson "That was first time I smelled rat and it vasn't me"
Hope you like this tweet I just put out there, enjoy:
How Government & @WSJ promote their legal and moral justification for 100% GSE expropriation:
Yep, exactly! It's like they just don't care anymore and are trying to incite. It's ridiculous.
Here was my twitter response to this stupidity:
@hill_matt
@JonAPrior So what do the people that own $18T in @USTreasury debt get for their extraordinary financial commitment? #FannieGate
@JonAPrior So what do the people that own $18T in @USTreasury debt get for their extraordinary financial commitment? #FannieGate
— Matt Hill (@hill_matt) April 21, 2015
Thanks, I am following you now. You can see my latest tweet on it here. It has the entire chain attached.
gseopinions tweet
Thanks Beta,
Yep, I knew there was no advantage in looking too polished. I just went for content and it makes it easier. Also have to remember that a proper balance needs to be struck and you can't be too annoying.
I think all of us are learning as we go. The longer this process drags out, the better we are going to get.
Take Care!
Thanks Beta. Yes definitely makes a lot more sense. Wallison and Pinto have been hammering at them for years.
Look for Tweets on gseopinions.com tomorrow and please retweet if you are so inclined. I think it's another good reference site that helps drive home the point that the consensus does not indeed lie with government lawlessness.
I am @hill_matt on twitter.
Yes, correct. Now if he had said they ain't not hasn't paid anything, then that would spell trouble.
Alas another variant could be the holy grail for us. If he said they ain't not hasn't paid nothing yet, then boom! We are off to the races.
That has gotta be an April Fools's Joke. No way they can seize that. Holy Crap! :)
I think the FNMA shorts are starting to lose it
http://www.liveleak.com/view?i=e37_1425740681
Very good find, thanks 44!
Who the eff knows with this stock. The longs don't really care until the magical day comes.
Mr. Wallison’s Curious View of the Rule of Law
http://investorsunite.org/mr-wallisons-curious-view-of-the-rule-of-law/
Yesterday, Congressman Jeb Hensarling and former general counsel to the Reagan White House Peter Wallison participated in a briefing hosted by the American Enterprise Institute (AEI) to discuss causes of financial crisis.
During the briefing, John Berlau, director of the Center for Investors and Entrepreneurs at the Competitive Enterprise Institute (CEI), a free-market think tank, cited the recent Krimminger-Calabria paper to ask Wallison about the GSEs. Here’s our rough transcript of the exchange:
John Berlau: I wanted to ask a question about net worth sweep. Mark Calabria says that this leaves Fannie and Freddie with very little capital buffer, and that it violates HERA. Would it be better if they were taken out of conservatorship?
Peter Wallison: No, if we ever let them out of conservatorship, they would go back to the business that they were in before. I’m perfectly happy that government is taking all their profits, because it keeps them from gaining capital. If they had capital there would be tremendous pressure in Congress to release them. We have to come up with a new system, unfortunately we don’t know what such a system will look like. Once we come up with a new system, Fannie and Freddie will be gone.
Mr. Wallison’s response was interesting to us, because it almost sounds like his disdain for Fannie Mae and Freddie Mac would override his commitment to the rule of law. If true, that would be surprising, coming from a former White House Counsel for President Reagan.
William Isaac, a former chairman of the FDIC under President Reagan has written about this very dynamic, and about the importance of not subordinating the law to one’s personal beliefs about what should be done with Fannie and Freddie:
“There can be varied opinions over which reform is best for our country or what, if any, role Fannie and Freddie will have in a future housing market. But there should be no disagreement about the law. Capital follows the rule of law, and if investors can’t count on that in the U.S. and in the housing markets, they will put their money elsewhere.”
Mark Calabria, co-author of the paper Berlau cited in his question, doesn’t seem to be a big fan of GSEs, either, as evidenced by testimony he gave to the U.S. House Financial Services Committee in July 2013:
“We should also remember Fannie Mae and Freddie Mac were two of the largest corporate financial restatements in history. These were not innocent companies sunk by a hundred year storm. Both companies were deeply corrupt—a depth of corruption that can only result from their protected, entrenched status. Bear Stearns, Lehman Brothers, and Countrywide are all gone. Fannie Mae and Freddie Mac merit the same fate. In so many ways, Fannie Mae and Freddie Mac have been and continue to be emblematic of what is broken in both Washington and corporate America. If we cannot end entities so obviously broken as Fannie Mae and Freddie Mac, then we have almost no hope in addressing other pressing issues that face our country.”
But in his paper, Mark Calabria, like Bill Isaac, is firm on the point that the law must be followed. Congress enacted HERA – the Housing Economic Recovery Act – as a first-step toward putting right what went wrong for the 2008 financial crisis.
It’s not up to the White House, or agency directors, or AEI to decide for themselves what parts of a law they want to follow. The law is the law. In this case, that law is HERA. Hopefully Congress will rise up soon and demand that it is enforced.
Thanks for the heads up Beta. I had missed that. It is very sad to see Bruce's life-changing moments in front of our eyes. It is a devastatingly surreal experience when you contemplate it all.
Bruce,
When you went to your lawyer to get things all squared away, it just seemed like a good idea in case of the remote possibility of things turning out for the worse.
We were all really hoping that would turn out to be something that was never even needed.
I know so many things must be going through you and your families mind.
Hang in there and appreciate every day of the fight. We are all praying for you and expecting a miracle!
He blocked me too. He is very sensitive and can't weather any shots to his crumbling ego.
Excellent! Retweeted. Here's my Tweet:
@ForbesonFox @FoxBusiness @CNN @CNNMoney @CNBC @business Sunlight is indeed the best disinfectant $FAIRX http://www.businesswire.com/news/home/20150130005944/en/Fairholme-Funds-Series-Fairholme-Fund-Fairholme-Focused#.VM0gHxxwfqJ $FMCC $FNMA
Give it some love ... :)
Release the Kraken!
They are idiots. Have they been paying attention to the pennies on the dollar settlements the gov has been doling out? A jury would skin these guys alive and actually give us a real conviction. I pray for a jury here.