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.
Nice job.
Archived link for it below.
https://archive.fo/AAwsF
Absolutely. The great depression would never had last as long as it did had they not continued to manipulate it.
But the answer by the revisionists is that they didn't manipulate the economy enough. They claim to be capitalists, but crony capitalism and socialism are not capitalism.
And our REPUBLIC, was not designed to allow crony capitalism or socialism. When left to it's original design, there was no great recession. When left to it's original design, there was no corrupt federal reserve.
One would think an honest court where such question is presented would have to consider it.
Why would I search for legal documents to explain accounting fraud? I read the original 27 page work by Adam Spittler, CPA (Certified Public Accountant).
I find many judges to be very political and partial, thus the reason for so much attention over appointments....did you miss the Kavenaugh hearings?
I would respectfully request that you familiarize yourself with differences between a bailout and accounting fraud.
Since the original housing wire article has been wiped from the web, I'll provide you with an archived link to a post here on ihub that appears to be a complete text grab.
Enjoy!
https://archive.fo/ovGe2
I should have been more specific in the later part of my statement. Please allow me to do so.
"Many (Those that lack intelligence, or are ignorant of the concept of game theory) saw the lack of details as negative. I viewed the stated goals with lack of details as brilliant because it is."
I think the plan is what the plan is.
It is a set of goals to get the twins released.
How that was to come about I think was never intended to be a concrete/structured plan but game theory.
In a structured plan, one is dependent on a succession of events which do not have 100% predictable outcomes. Game theory allows for non-predictable outcomes.
Many saw the lack of details as negative. I viewed the stated goals with lack of details as brilliant because it is.
Nice and informed post you have there.
Lolololol... with all the court news, suppression ain't easy.
Maybe I misinterpreted a post of yours yesterday, if you believe this, why did you promote bitcoin? Or was that a ficetius response?
Lololol.... see you fools made another sockpuppet.
You give 1/2 truths and then dive off cliffs to try to discredit the 1/2 truth you say.
Just tells me how worried you really are about the administration freeing the twins.
Figured you were busy writing another stupid song....lololol.
Would that not place them over 80% ownership, and thus place them on the books which they worked to avoid?
I'm not putting any faith in this story until I see evidence.
Cases will impact price, but decisions have to be made.
But who can predict the timing of the courts when there are so many options to delay?
Bush used fraud to place them in conservatorship. Both administrations deserve jail time.
The 11,000 sealed documents will not favor either one of them.
You should search for 5th circuit en bank decision if you want to be fully informed.
In short, the 5th circuit has cornered the government, with a remand decision pending.
Obamacare used stolen funds from the GSE's, anything further has no relevance here.
Because many aren't actually conservative.
Many are in agreement with screwing over America with many across the isle. Few in either party are actually there to serve the people.
Lol...she actually is.
And I dont mind waiting a little to be proven right.
She's more correct than you must realize.
The likelyhood that the 11,000 documents hit the light of day have exponentially risen.
Rather you disagree has no bearing on that.
Don't understand why anyone thinks it would be necessary or even good for Calabria to be a champion for shareholders.
I want him to champion being tasked to do his job. His job is to get the GSE'S into a sound position for release. That is positive for shareholders. Not being beholden to the TBTF banks is positive for shareholders. Being honest about the GSE's being under capitalized is good for shareholders. Stating that under HERA the NWS was (paraphrasing) questionable is good for shareholders.
The GSE'S being released irrespective of shareholders benefit, is positive for shareholders. (If you dont understand the implications of that, you shouldn't be here.)
I want the courts to redress the grievances, as our system was designed. With active cases, the courts have the duty to review the past administrations actions and make a ruling that impacts the past, present and future. The more Calabria continues to be in the national spot light doing his job as tasked, it is good for shareholders. The more honest discussion that occurs in public, the harder it will be for a court to continue to make wrong decisions as they have up to the 5th en banc. Light makes it difficult for corruption to continue.
I see what you did there...lol
Where are options available?
From your comment, your intention is to be adversarial. Thus, I have no time to waste holding your hand and patting your head while you continue to miss the big picture.
Going to be interesting to see what happens in Sweeney's court as all this plays out.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
I think this is pretty likely the explanation as well.
Calabria is a brilliant guy and made the statement during an interview for a reason.
This administration is being transparent as possible. They signaled they were going to release the GSE'S and are working to do it.
In the view of what I believe to happen, his statement and your take makes sense.
This needs stickied and reposted 20 times a day....there's a reason for the crying on this board and this is it.
As always, appreciate you sharing your effort CMDR.
Her analysis seemed spot on from my perspective, except common share price of $6 to 18.
I must have missed something is she believes that the US Government will agree that it has been paid in full negating the senior preferreds, and electing to recapitalize over the next few years with retaining earning in the ball park of $15-20 B, while paying only 25 basis points for the full faith and credit wrap.
If there was no significant dilution, I would think an approximate 5 to 6 year wait to recapitalize for the type of dividends per share likely would carry a higher target, or appreciate significantly over that time. Maybe her analysis is for short term gains?
His Twitter account is significant.... He uses it to go around the media to reach the masses.
That's a really big deal. I bet more is to come.
Sorry Action...intended to reply to Mike.
Yeah...it's probably the administration making moves to get us out of conservatorship and get us funded after a decade of theft that is the one that is wronging us, lol.
Please continue...
It's absolutely there. Skim down and you should see Maria.
It's several tweets down from early today or late yesterday...I can't tell time frame on retweets.
https://t.co/yMq3Eyiw7O @MorningsMaria @FoxBusiness
— Maria Bartiromo (@MariaBartiromo) September 10, 2019
Lol...
From January 2018
https://www.scotsmanguide.com/News/2018/01/Blog--Treasury-s-Mnuchin-talks-GSE-reform/
From March of this year
https://www.housingwire.com/articles/48584-trump-officially-calls-for-end-to-fannie-mae-freddie-mac-conservatorship
The judicial brabnch is forcing them to do what they've called for Congress to do? Lol...amazing how Congress won't have a leg to stand on, nor the media as it wont just be administrative action.
Releasing them is in the best interest of the country and is consistent with our constitution. I've never said anything contradicting that. That had been the position of this administration from the beginning.
But the mess they inherited has to be unwound in a steady manner and accordance with their duty to serve the country and in accordance with the rule of law.
Who pays damages if damages are awarded? Where does that money ultimately originate?
The wrong wording or statement made by those in appointed positions, and their words and statements can be turned against them and the tax payers for hundreds of billions of dollars. That would be wrong for him to not perform his duty to the best of his ability for the tax payers. It would also be political suicide. He has actually made many true statements on national television that has helped our cause. Do you not recall what he said about the GSE profits being used by Obama for Obamacare? He didn't have to. Jeff Sessions pointed out that many of the bank settlements were being paid to third parties that had no involvement in the original fraud. And he acted to shut it down. The administration is working to release the GSE's without congressional assistance. That is a complete reversal from the past.
It's up to the judicial system to find the truth and depose the officials and their agencies. There has been a huge number of new judges appointed for a reason. The system will ultimately work as designed and will leave a lasting precedent to prevent this from ever occurring again.
If you need him to come out and on prime time television to lose the case on purpose and provide the media that has been extremely unfavorable to this administration 6 months worth of hit pieces on how they cost tax payers hundreds of billions all the while missing the true story that will be supported by judicial fact and verdict, you might be in the wrong investment.
Congratulations for demonstrating that you've never been involved in litigation. That's truly great for you.
But for those actually in the middle of a law suit, it would be beyond doltish to make any public comment. That's usually covered in the first consult.
I'm an investor, and I'm a tax payer. Mr. Mnuchin has a job to do, and that is being the Secretary of Treasury of the United Stated Government. He is not beholden to GSE investors, he is beholden to US citizens when he accepted appointment to his position.
In as much, I expect him to follow the rule of law, and uphold his duty. This administration is going to release the GSE's. They know that they are imperative to our country and the 30yr mortgage. They know that home ownership is often the most valuable asset most people will own, and can be extremely important in the later lives of our most poor.
He did not create this mess, but he is charged with undoing it. There are financial implications, political implications and a media that is anything but honest or we likely would never have been in this situation as a country.
As Mnuchin and the administration navigate this field of land mines, I expect him to maintain all options as possible and not only possible, but as ammunition for what appears to me to be unavoidable negotiations coming. If he were to not protect the American tax payer to the fullest degree possible as the Federal Government loses this battle, he will not have performed his duty no matter what his personal view on the matter.
There is a very thin, but very just line to walk.
Calabria having declared the FHFA structure mob-dependable prior to them returning to defend it, was a very calculated move.
I think both Calabria and Mnuchin will defer to the rule of law and believe it will succeed, while performing the duty of their positions to the best of their ability to serve those they were appointed to serve. They will not give us a win, nor will they rig the game.
It is up to the judicial system and rule of law to provide a judgement or negotiated resolution in natural order.
Creating a level playing field for community banks as the larger ones that orchestrated the financial meltdown and held unfair advantage over smaller banks.
I'm your Huckleberry.
Lol...You two are trying to hard.