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Goes well with deceivership
Just feel like we show them respect and get none back. It about telling them the king has no clothes.
US saving bonds mature faster then this.
Yes, why not tell Mark at next interview and start by saying what line of BS are we serving today. It might seem out of line but remind him that he just fell off the turnip truck and this conservatorship is long in the tooth.
Maybe what the court should have said is some fruit don't ripen after picked and just rot.
Welcome to purgatory.
Maybe, just maybe it is the litigation that is holding it all up. Or maybe it is the only thing that hasn't wiped out the existing share holders. The problem I see is the lack of good faith that would signal a move in a favorable direction, instead of dead lock and do nothing as what the norm seems to be today.
I just can't get my head around that they are having a sell of securities to see how well they do on people buying the risk when all the good faith is build on talk on speculating release and capitalization and sliding dates. What next, oh well that didn't go over so well so we need to sweeten the pot. Makes you wonder what we will hear on Monday.
Beginning to believe that all this funding and capitalization BS is more about keeping the government afloat. Not buying that after all these years of conservatorship they still working on ways to continue to steal monies and presenting a smoke screen of all the hard work involved. Have to make you wonder how the twins survived for over sixty years prior to housing bust. I smell a bunch of rats.
Catch 22. Can not raise capital if government is readily positioned to grab money for other, what they deem important activities. Government does not save or hold cash. A private entity does and can.
Wonder how they judge the turnout on the sells in June. If not happy how quickly they move on release to get to what they worked so hard to achieve. If your going to move a big AZZ boat you need all the oars in.
I said on this board that I expected that major change would be before june due to release of new MBS securities. Now Seeking speaks of this opening date of June 3 is a test to see if investors buy in on new MBS investments. I think it is goofy to tempt fate but what do I know. Just thinking that those same investors would buy in that market they sure would be in stock equities too. Why miss on a bet on win, place or show. Why invest in risky securities when you can just keep your monies in zero coupon with the government. Why aren't they thinking about all the peripheral activities that surrounds the housing industry. Missing the whole lion share of the economy. Crazy.
Can't help not thinking it is going to be wild and willie from here.
You are so on track. The new CDOs and CDSs where insurance policy of sorts at many time fold and were bets against the market that looked to have no end. After all the market made 10% a year on average since the Depression of 1929. Then Clinton usher in a act that removed protection form investment banks in the MBS market from those weapons of destruction. JP morgan created the first of those weapons and it is told that the one person who saw the beginnings of the housing market bust went to them to create those weapons. My question is did those people at JP Morgan laugh at this guys who wanted to bet against a booming housing market. That they themselves didn't see that those packages where over half way to failing and growing. We are a stupid bunch to be so naive and so is the courts.
Kind of fun, right!
Very possible. My bet is on Freddie first as they are better positioned. Great idea.
Oh for that matter not only government made billions in interest payments they took all the bank fines too. There is a total bunch of cash there too. Only point ever made by government is they saved the twins. The facts and what happen in the time line speak different.
Who wouldn't get aroused with all this ask slapping talk. ;>)
Trump is correct again. Nothing gets done till Democrats stop the investigations. It a fact as Maxine is proof. She is more focused on non-productive processes. Doesn't even help the people she spoked on the low end of the housing effort. Housing holding it's own but in the 300,000 + market. Down in anything below that.
No work being done on housing finance reform as Maxine Waters bragging about getting Trump's financial documents from Wells Fargo and TD Ameritrade. Time to move Mark as it out that there no work over at Maxines.
Me say that the banks don't compete because they want to sell loans that free up capital for newer higher interest paying loans. Why would they want to get stuck with low interest loans for thirty years, or 15 and 10 for that matter. Those loans sold to the twins are securitized (MBS) and one of the problems of default loans is that those packaged MBS only had to fail by 15% for the whole package to fail. As I understand the new MBSs won't be packaged with arms and regular 30yr loan in same MBS. I am guessing that makes the loans secured with the arms more risky and assume pay more interest.
Keep it up as one of these times the sell will be on purpose just to buy all back and then some and you can cry trying to catch a bargain price chasing it up.
Mark says thanks for listening to me, I needed to make a few bucks. Oh, my do nothing cabinet buddy's thank you too. Too bad you whinny little Zhits can do anything about us private elites but dance to our tune.
Right before the .09 mark he said have to stop sweep in order to retain capital.
Yep, Me thinks the courts have been saying crap or get off the pot to Treasury and FHA. Most likely called them and said that the country, constitution and it's citizens have more to loose by holding and delaying justice for shareholders. Most likely said can't be any more lenient to the government. All coming to a head.
Yep, Trump and Mark both aware that sweep money to treasury is money gone and no real capital backstop. They know investors want equity and need something tangible prior too investing. Not calendar dependent so there you are. Get your seats as the ride can start at any time and I am not talking these little pocket change bounces.
That what surrounds the twins is inaction. Can't get them for what may do or be just where they are going. It's after it all and done before the court can act on much of the cases. The rub is how long will the court hold out before it says enough. They have already hinted at it before in recognizing it as hotel California. We are soooo close.
Why is it the articles always talk about the windfall for the share holders when the government has profited the most and other then buying and selling day traders share holders monies are not doing anything. What about the windfall the government still stands to make.
Then there is the absence of talk about the government coffers always empty and their monies from the twins may just be going to pay the interest on ever growing debt. Government does not save money but privatized twins can. They continue to talk BS kicking can down the road on purpose.
Government officials fiddle while Rome burns. Sounds familiar.
Also Weds the oversight of financial regulators was mostly about housing and sells down and affordable housing. It getting hot but they need to release the twins for it to happen and capital will follow. The only drag on capital is the drain to the government.
Think. There are negative yield investments in loans to government and those are backed with securitized MBS. We don't need hedge funds and alike, but once released the will come. Goofy is as goofy does.
The mic was turned up after budget meeting while SEN. Mike Enzi answered a question about new green deal type of question and he said there isn't any monies left after interest payments on debt. That people will loose their faith in our money and that those people lend monies to government at neg interest as they will get safe keeping and get their principle back. Me thinks the courts are starting too see this too. Rob Peter to pay Paul is closing in on us. Socialist are not going to have anything if we don't grown our way out as if the agenda turns to socialized government we will be broke and it will be very bad for everyone and worst for those whom think more government is better.
Even in the meeting of the Budget committee on Tuesday they said move everything to discretionary spending that doesn't have sufficient revenue stream forever and that includes social security. Said that they always steal from one pot to pay another. A system impossible to track and general accepted process by design. Nothing they cover has the revenue to cover it. So why is it that anybody would even suggest the twins build capital under conservatorship or that there is monies stored for recapitalization. Just crazy BS talk and a waste of time by design.
The courts need to be made aware that the government can make laws to enforce private companies to hold capital but can hold any capital themselves. They can only print it. Nonsense thinking that with all our debt that we can hold capital. Lets see, hold capital here, huge interest payment there. Kicking the can down the road we are.
More then likely your not going to get back monies from a indebted country the likes of ours. The twins had capital prior to housing bust and the government survived taking it and buying the bad portages from banks, and beyond. The twins are money makers and under privatization well be capitalized before anything under government control. Most likely not spoken about in media but both sides must want control of those funds. After all that was what it was all about by letting investment banks into the MBS market with CDOs and CDSs.
Capital requirement is of no consequence while under government conservatorship and control. The government doesn't keep the pension system, FDIC, or SS funded they aren't going to hold those funds at any percentage.
Money is a contract, you write a check is a and acceptance of is a contract, and shares in a company the same. Exchange of goods and good faith. foundation of our system. I believe this is a message to Mark that he is put on watch. Line in the sand.
Just got to watching this. I hanging in there but just what has changed under Mike. Nothing just different lip service. Even during the interview the time line slips. My question is how do you handle them like banks when we use the twins as securitized collateral on loans to countries and people by way of notes and bonds. I am not a high paid CEO of the twins but I know when someone is blowing smoke up my Azz. The government will always back the twins over the banks any day otherwise they would have to be liquidated as any business and assets given to the holders of the notes. That means eminent domain issues and you could be forced out of your home. We are part of the global economy and we have to play by the rules. I will wait for some real good faith but the government is a greedy bunch and spend with reckless abandonment.
You know they have to be stock piling the monies as there will be hell to pay if they don't have the cash for troubled times. Can't pull a rabbit out of your hat if you no longer have a rabbit. So hear you have a situation where the government gets hordes of cash from executives making one and a half more then the president and no where on any government payroll system. Not SES or GS. Clear case of .Quid pro quo! What I don't get is with all the fake crap on the news why no one touches this. We will see if it becomes a political weapon and if not you will know they all want control of the cash.
First thing Buffet got out long ago as he spoke of the twins way before the housing bust and after the fair housing act of 1939 was changed in 1999 to allow investment banks in the MBS market. Said that if the twins ever go bankrupt it would be the death of our financial system. Said that CDOs and CDSs where the instrument of mass destruction as he was speaking about investment banks using them in the MBS market. Two a hundred and whatever is no where close and doesn't provide the insurance needed in the event of failure. Again, no one is going to buy them and the government best separate themselves from them as they are too greedy and can't save a dime for surplus. If the government doesn't the next time on a market down turn it is game over as we have other financial systematic problems that can rear their heads and can make a bad situation worse.
Selling must be done by large holders or groups to cause panic or triggers. What else could it be? Just what is the news? Nothing, and it is more likely explode up then down from these prices. Crazy. Back to the garden for planning and planting.