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These folks are getting a business up and running and probably are working as fast as possible to do so.
Do you know any of the developers working on this project?
I don’t believe the stock was paramount- could play into this some; however, I don’t know that you know what actually is taking place on their financially side. That is not something I would want to discuss.
If you don’t the platform, stay with what works well for you.
Nothing is free - folks don’t understand that they relinquish free sovereignty when they take a Govt handout under Govt rules and mandates (ie Govt Acontrol). This could be why We are sitting and waiting for Courts to undo the seizure of the GSEs and a denial of Shareholder rights.
What folks need to be asking for are State/County level Agencies that promote a life for self control within a free-enterprise system.
Will Trump’s platform provide a one stop shop for news and socializing/comments? If so, will this new platform take from other/current platforms? If so, I can understand negative reviews.
I’ll admit, I thought She (Sweeney) drove us to a dead end; however, not being a legal eagle, I cannot for sure determine all the details of why it stalled in Her court. It appears that like many great Govt reviews, it circles back to those Who had earlier dealings, but did not finish what was started (swing and a miss).
Lambert has, from what I gather, some payback to Govt lawyers for not being honest about some accounting reports - let me know if I am incorrect on is. As for Judge Sweeney, I am not sure why She did not put a boot up Govt lawyers behind. She, I thought, indicated Govt was (paraphrasing) a payday lender that was covering bad Govt decisions- which the Court would not allow - not sure what happened with this, but We Shareholders were (it seems) left out on the curb with hat in hands.
Will these two great Judges hold the lantern for Justice to see and Shareholders prevail? Time marches on and so does this saga.
Still waiting: 1,295,xxx - they seem to have lots of interest, but a bit of backlog.
Has the site any ads?
For this to drag out so long and for Her to get promoted for doing so begs to question how much longer can this can of beans continue to sit on the shelf and collect dust while American continues to spiral towards ______ (you fill in the blank)?
I too did not know She was still active. If She is, how soon would We be hearing from Her on this (anyone)?
True, but why the procrastination on Her part? She started out bold by saying Govt was (para-phrasing) trying to cover bad decisions with overreach. I thought She was going to blast the doors off the Govt’s plan, but eased into a more subdued stance - maybe for good reasons. You decide, was it for a good reason(s)?
The next paragraph in the about this document section:
Mark Doms, Wendy Edelberg (formerly of CBO), Mark Hadley, Jeffrey Kling, and Robert Sunshine reviewed the report. The editor was Christian Howlett, and the graphics editor was Jorge Salazar. The report is available on CBO’s website (www.cbo.gov/publication/56496).
https://www.cbo.gov/system/files/2020-08/56496-GSE.pdf
I agree. Sweeney should have been more assertive, but what outside pressure/influence was/did She receive. We, on our level, may never get that part of the story.
As mentioned, this is nothing but a dumpster fire that needs to be put out - who has the correct extinguishing method?
Thanks for the link. Read several passages and it appears to be tainted on the fact that Govt cannot release if they are to make a profit on senior shares.
Why is this so? From what I could surmise is that this doc was written with the help of so many that tried to destroy the GSEs - this study (doc) needs to be rewritten by another independent group without the help from (see about this doc):
…Helpful comments were also provided by Ed DeMarco of the Housing Policy Council, W. Scott Frame of the Federal Reserve Bank of Dallas, Edward Golding and Deborah Lucas (a consultant to CBO) of the Massachusetts Institute of Technology, Laurie Goodman of the Urban Institute, and Mark Zandi of Moody’s Analytics. (The assistance of external reviewers implies no responsibility for the final product, which rests solely with CBO.)
On top of that, there was a provision that stated if any laws that intended to interfere with proper functions of c-ship, then c-ship was to be voided and all monies returned to the enterprises. How do you like them apples?
Along with the paybacks from banks (special deals made) that went to community groups and so much money that went to Treasury cannot be traced - this should raise an eyebrow of a Judge/Juror.
Another interesting point - cut the head off and it grows another one. Resolution is to end the saga by ending FHFA ability to make it up as needed to survive. Kinda like a parasite.
Interesting - time marches on. As I believe, once NWS was invoke, the terms of c-ship ended and thus the FHFA. Cage fighting at its best.
If still sealed, will the trial be public or closed so Jury c@n be briefed on how Govt circumvented the c-ship?
Thanks Nats - you are appreciated.
Great observation.
Believe the fist Judge (Sweeney), who just wouldn’t move on a decision related to being bad decisions by Govt - using chip as a shield.
“The court will not condone the misuse of a protective order as a shield to insulate public officials from criticism in the way they execute their public duties.”
As the post continues…, “Thus, avoidance of “second-guessing” an agency’s decisions several years after the fact, as described by Mr. Watt, is, with the passage of time no longer a legitimate basis to maintain documents under a protective order. The court notes that from the inception of this litigation, the government has consistently maintained that the court lacks jurisdiction over this case because the United States had no control over the enterprises.”
It seems, with this, Govt can play with be arrogance , but Shareholders cannot.
Hope this can be conveyed to a Jury.
If the twins were uplisted, could the SEC do a better job policing naked shorting?
Maybe show the movie during the trial.
I believe Ben Carson and SM were tasked to bring them out of C-ship. Not sure of the fireworks behind the scenes, but could be that reigning FHFA Director did not want to participate.
Wished there had been a pumped moment where Watt was summoned to WH with Trsy and HUD, that didn’t happen. Not even when MC was appointed.
Don’t forget all the back room deals that took place during those years. Too much money that could be used for those great community groups.
Now...Obama had none of that and 8 years! What was his major GSE release accomplishement?
Thanks. I believe that imposed restrictions set by FHFA and Treasury smoothers the intention of a loosely created c-ship. Was hat deliberate? Who really know.
What now is FHFAs intention when it comes to ending c-ship? Will Congress pressure the Administration to release. This age-old bargaining tactic will show itself with the new Congress, if not during the July trial.
What I think needs to be done, is to help get the GSEs off the OTC with the intention of raising capital and push Congress for a release date.
I believe as Shareholders, We have been caught center-stage in the beginnings of the biggest social-economic revolution the world has ever seen. It’s unfortunate.
Again, thanks for all your keen posts - it is refreshing to think outside the box.
Nice post Louie..
Wow Navy. FHFA working hard to crash the enterprises?
Maybe screen shot this and past to Twitter?
Let’s hope that Administration doesn’t do to Housing what it’s done to petroleum industry.
Why would you say this without a link to show proof? Moderator should be contacting you.
Then why not end the c-ship? Govt taking?
Thank Clarence.
Sorry to hear about Slim leaving town - maybe Slim will regather strength at a later date.
Thanks - this should be easy for the jury..
Can you help to describe what a Government Actor is?
Asking for a friend..
Thanks.
Reads like an SOS from Freddie Folks - jury will love this.
If only this amount of record, why not just settle with Juniors and Commons and take control of the companies?
If they want try to push this agenda, give it a go and see how The Public and Congress approves.
Does FHFA believe they will cancel all Shareholders via a 14 year stand-off?
“1,545 common stockholders of record”
Very brazen statements.
This should/will be a great influencer to the Jury who will decide on terms of c-ship.
As prove in the past, Govt induced welfare doesn’t improve economy - better to induce work, savings and investment programs that contributes to a capitalist system (a proven system).
Is banking allowed to invest in F&F preferred stocks?
Most like if F&F Shareholders have a win, my guess is that some profits would go towards bank stocks.
If they do, do you believe they can get folks to invest into companies to recap. The PR going into election cycle will need to counter info released in upcoming trial. A real dumpster fire for sure.
Does FHFA actually take into consideration anyone’s suggestions?
How does FHFA inform the Public on what was suggested and what was decided?
Maybe they can explain in Court, should the question come up regarding that they were requested to exit from c-ship.
Impressive breakdown, as usual.
Thanks Ano!
Did not expect this to be the lightning round. This was a hug batch of eggs placed before the Judges to unscramble. SCt remarked that it would take some work and Enbanc Judge remarked that it has to end.
They may not be financial experts, but they the Wnbanc Jusges do know the law and know Shareholders were and have been bamboozled - but by who? That’s the $63.99999 dollar question.