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We’re sick and tired of being patient
Introduced on Sep 18, 2023
This bill is in the first stage of the legislative process. It was introduced into Congress on September 18, 2023. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Other activity may have occurred on another bill with identical or similar provisions.
I
118th CONGRESS
1st Session
H. R. 5549
IN THE HOUSE OF REPRESENTATIVES
September 18, 2023
Mr. Ogles introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To require the Secretary of the Treasury to submit to the Congress completed proposals for the termination of the conservatorships of Fannie Mae and Freddie Mac, and for other purposes.
1.Short title
This Act may be cited as the End of GSE Conservatorship Preparation Act of 2023.
2.Proposals for termination of conservatorships
(a)Report
Not later than 30 days after the date of the enactment of this Act, the Secretary of the Treasury shall submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate that identifies whether—
(1)the Department of the Treasury completed the proposal described in article IX of the Letter Agreement to the Amended and Restated Preferred Stock Purchase Agreement between the United States Department of the Treasury and the Federal National Mortgage Association, dated January 14, 2021, and the proposal described in article IX of the Letter Agreement to the Amended and Restated Preferred Stock Purchase Agreement between the United States Department of the Treasury and the Federal Home Loan Mortgage Corporation, dated January 14, 2021; and
(2)either or both of such proposals were completed and, if so, includes such completed proposal or proposals.
(b)Proposals
If the report required under subsection (a) indicates that either or both of such proposals were not completed, the Secretary of the Treasury shall—
(1)include in such report the latest incomplete draft or version, if any, of such incomplete proposal or proposals; and
(2)not later than 90 days after the date of the enactment of this Act, complete and submit such proposal or proposals to the committees identified in subsection (a)
Sweet
More buyers than seller at this point--link--900K/600K
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMA/trades
Some big orders going thru--
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMA/trades?pid=trades&symbol=USOTC:FNMA
I sent twitter to Patrick Mchenry---he's a good guy
Didn’t they just changed the dress code for the Senate to deal with fetterman?
Thanks Shelley. Much appreciated
Heard that B 4
it was basically one trade of 1,9 mill shares SOLD @ 13:13--before that it was like 6000
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMAT/trades
Buyers over sellers almost 5/1--although volume is very weak
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMA/trades?pid=trades&symbol=USOTC:FNMA
Not enough volume, but there might be rumors
There were two big trades early, one for 500k and one for 100000k. So volume was weak
102000 pre market
When do you expect this to happen? This was your post on Sunday.
What time do you expect this to happen? 1 hour 15 minutes into trading--weak volume , so far
We’ve heard that before
One can only hope
Any news from Lamberth court room? can somebody tell DONOTgetit to cease incessant posting---nobody reads that stuff--NOBODY
This is from July 25th before our August 14th 8-0 jury trial triumph
05-cv-2310: HYATT v. VIDAL Judge Royce C. Lamberth 10:00AM Courtroom 15- In Person Bench Trial
09-cv-1864: HYATT v. VIDAL Judge Royce C. Lamberth 10:00AM Courtroom 15- In Person Bench Trial
09-cv-1869: HYATT v. VIDAL Judge Royce C. Lamberth 10:00AM Courtroom 15- In Person Bench Trial
09-cv-1872: HYATT v. VIDAL Judge Royce C. Lamberth 10:00AM Courtroom 15- In Person Bench Trial
21-cr-0455: USA v. CHRISTENSEN Judge Royce C. Lamberth 10:00AM [Not Assigned] Jury Deliberation
https://ecf.dcd.uscourts.gov/cgi-bin/CourtSched.pl
Before or after Lunch?
Lamberth $Jury $Trial $Additional $Damages interest will be fully briefed
navycmdr
Re: Patswil post# 768073
Friday, September 15, 2023 11:28:19 AM
Post#
768081
of 768370
Lamberth $Jury $Trial $Additional $Damages interest will be fully briefed
as of Monday Sep 18. The parties dispute whether and how much, so
it is taking some time. After it is fully briefed, we will just be waiting for
the court to decide it. (Simple Interest or QTRLY Compounded Interest)
Reply from Hamish on Damage Interest Ruling ...
Booooom ! next update Brief is coming Sept 18th !
Copied from Navy Post#767577
**************************************************************************************
Hamish Hume
To: Ron Cc: Samuel Kaplan
Tue, Sep 12 at 6:41 AM
It will be fully briefed as of next Monday Sep 18. The parties dispute whether and how much,
so it is taking some time. After it is fully briefed, we will just be waiting for the court to decide it.
Hamish PM Hume Partner
BOIES SCHILLER FLEXNER LLP
1401 New York Avenue N.W.
Washington, DC 20005
(o) +1 202 274 1149
(t) +1 703 328 9651
hhume@bsfllp.com
www.bsfllp.com
Wiseman is a deluded crackpot
Reply from Hamish on Damage Interest Ruling ...
Booooom ! next update Brief is coming Sept 18th !
Copied from Navy Post#767577
**************************************************************************************
Hamish Hume
To: Ron Cc: Samuel Kaplan
Tue, Sep 12 at 6:41 AM
It will be fully briefed as of next Monday Sep 18. The parties dispute whether and how much,
so it is taking some time. After it is fully briefed, we will just be waiting for the court to decide it.
Hamish PM Hume Partner
BOIES SCHILLER FLEXNER LLP
1401 New York Avenue N.W.
Washington, DC 20005
(o) +1 202 274 1149
(t) +1 703 328 9651
hhume@bsfllp.com
www.bsfllp.com
Short are killing us--link
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMA/trades
Sellers over Buyers 7/1-link
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMA/trades
Reply from Hamish on Damage Interest Ruling ...
Booooom ! next update Brief is coming Sept 18th !
Copied from Navy Post#767577
**************************************************************************************
Hamish Hume
To: Ron Cc: Samuel Kaplan
Tue, Sep 12 at 6:41 AM
It will be fully briefed as of next Monday Sep 18. The parties dispute whether and how much,
so it is taking some time. After it is fully briefed, we will just be waiting for the court to decide it.
Hamish PM Hume Partner
BOIES SCHILLER FLEXNER LLP
1401 New York Avenue N.W.
Washington, DC 20005
(o) +1 202 274 1149
(t) +1 703 328 9651
hhume@bsfllp.com
www.bsfllp.com
SPS are non convertible--from google search
Reply from Hamish on Damage Interest Ruling ...
Booooom ! next update Brief is coming Sept 18th !
Copied from Navy Post#767577
**************************************************************************************
Hamish Hume
To: Ron Cc: Samuel Kaplan
Tue, Sep 12 at 6:41 AM
It will be fully briefed as of next Monday Sep 18. The parties dispute whether and how much,
so it is taking some time. After it is fully briefed, we will just be waiting for the court to decide it.
Hamish PM Hume Partner
BOIES SCHILLER FLEXNER LLP
1401 New York Avenue N.W.
Washington, DC 20005
(o) +1 202 274 1149
(t) +1 703 328 9651
hhume@bsfllp.com
www.bsfllp.com
More buyers than sellers today--link
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMA/trades
Bwahahaha!!!
Awesome Navy
Any idea how long after next Monday it will take?
Buyers and sellers almost even--see for yourself--link--PPS dropped for big money to get in
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMA/trades
may have spoken too soon...let things play out
Great!! how soon?
Buyers are closing the Gap with sellers--link
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMA/trades
also going way past 20 minutes
Buyers top sellers 32/6---link
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMA/trades
The victory in Berkley v. FHFA is sweet for shareholders, notably in that it’s their first one since the beginning of conservatorship, said David Stevens, a former Federal Housing Administration commissioner and Mortgage Bankers Association president.
“Whether this sets the tone for a new direction for the conservatorship is yet to be seen,” Stevens said. “But without question, a political leadership that oversees these two companies in Washington will be likely focusing on options ahead. While the jury awarded less than what was asked for by the plaintiffs, it is without question victory for the shareholder interest. What happens next will be interesting.”
Most observers expect the FHFA to appeal the decision.
https://www.housingwire.com/articles/fannie-freddie-shareholders-awarded-612m/
Basically flat today---link
https://ih.advfn.com/stock-market/USOTC/fannie-mae-qb-FNMA/trades?pid=trades&symbol=USOTC:FNMA