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that was before the news.
White House plans to overhaul housing finance system, top regulator says
By VICTORIA GUIDA and KATY O'DONNELL 01/24/2019 02:53 PM EST
https://www.politico.com/story/2019/01/24/federal-housing-finance-agency-overhaul-1111874
all they need is a joint co-ordination between treasury and FHFA.
John Paulson ask trump for release of fnma and fmcc
53:00 minutes. See the audio section at the bottom.
https://www.marketwatch.com/story/billionaire-john-paulsons-tip-for-trump-supporters-living-in-new-york-stay-calm-2019-01-23
at 52:52 in podcast, paulson says common holders lost 98% of value, not fair
https://www.marketwatch.com/story/billionaire-john-paulsons-tip-for-trump-supporters-living-in-new-york-stay-calm-2019-01-23
Look at 53:00 minutes
http://www.ca5.uscourts.gov/oral-argument-information/oral-argument-recordings
we have to wait for the oral argument recording probably late today.
The main argument here is if structure is illegal, you can not use an illegal structure to sweep all the profit. goal of conservatorship is to make company sound. When you take the profit away, entity can not be a sound one.
From the judges who asked questions, the edge was probably 5:1 being sceptical of NWS. Others were watching quietly. The tape recording comes out later today $fnma
https://twitter.com/Alec_Mazo/status/1088130603608879104
He will create a pathway which subsequently will be followed by confirmed director. These are all the plan of administration. He will initiate and clabria will end.
Only acting or permanent directory has the full authority. They can make the decision deliberately or they can make the decision arbitrarily. HERA allows them to make that decisions.
Top 10 Mutual Funds Holding Federal National Mortgage Association
https://money.cnn.com/quote/shareholders/shareholders.html?symb=FNMA&subView=institutional
It is happening within weeks not month.
https://finance.yahoo.com/m/e0d611e3-1a52-3e87-86f7-e819a01ea8e8/fannie-mae-and-freddie-mac.html
the best start would be to release 11000 documents that obama admin had been trying to hide.
you are right! i believe this does not include last friday purchase. because the picture in the purchase show low priced.
FNMA Fannie May Towards $3-$6.
https://seekingalpha.com/instablog/49977908-audvantages/5261009-fnma-fannie-may-towards-3-6
Capital Research & Management Co. and American Funds Growth Fund of Ame... both have increased their volume significantly.
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Shares of Fannie Mae and Freddie Mac surge after reports that the Federal Housing Finance Agency is discussing a plan to take the enterprises out of conservatorship
https://pbs.twimg.com/media/DxNzqgIWoAMr7Zp.jpg
FNMA Fannie May Towards $3-$6.
https://seekingalpha.com/instablog/49977908-audvantages/5261009-fnma-fannie-may-towards-3-6
3rd para
Otting is a former banking executive and associate of U.S. Treasury Secretary Steve Mnuchin. Sources close to the White House say he is part of the “banker/globalist/Davos” wing of the Trump administration.
“He’s not deep state, but he’s deep Wall Street,” one Trump administration official told Breitbart News.
Otting spent more than 30 years as a banker. Prior to becoming the chief at OCC, he was chief executive officer of OneWest, the California lender started by Mnuchin after the 2008 housing crisis. OneWest was built from the ashes of the failed California lender IndyMac. Along with Mnuchin, investors included billionaire hedge fund manager John Paulson and left-wing donor George Soros. OneWest was sold to CIT Group in 2015.
https://www.breitbart.com/economy/2019/01/17/fannie-and-freddie-shares-soar-on-hopes-of-hedge-fund-windfall/
Waters says she’ll investigate Mick Mulvaney’s actions at CFPB
https://www.marketwatch.com/story/waters-says-shell-investigate-mick-mulvaneys-actions-at-cfpb-2019-01-16
what is on the Milken plan for gse release
@MilkenInstitute TBTF bank lobby & @MBAMortgage fellow travelers thwarted from GSE coup @MarkCalabria @MickMulvaneyOMB @larry_kudlow @VP @stevenmnuchin1 @pimmfox @glennbeck @gmorgenson @vp @bethanymac12 @the_CMLA Main St. wins @TheNCUA @MariaBartiromo @seanhannity #fanniegate pic.twitter.com/qVt3Nrv68M
— Gordon Zernich (@GordonZernich) January 14, 2019
In law, an en banc session (French for "in bench") is a session in which a case is heard before all the judges of a court (before the entire bench) rather than by a panel of judges selected from them.The equivalent terms in banc, in banco or in bank are also sometimes seen. En banc review is often used for unusually complex cases or cases considered to be of greater importance.
Appellate courts in the United States sometimes grant rehearing en banc to reconsider a decision of a panel of the court (typically consisting of only three judges) in which the case concerns a matter of exceptional public importance or the panel's decision appears to conflict with a prior decision of the court.In rarer instances, an appellate court will order hearing en banc as an initial matter instead of the panel hearing it first.
The Supreme Court of the United States, and the highest courts of most states, do not sit in panels but hear all of their cases en banc (with the exception of cases where a judge is ill or recused).
Cases in United States courts of appeals are heard by a three-judge panel. A majority of the active circuit judges may decide to hear or rehear a case en banc. Parties may suggest an en banc hearing to the judges but have no right to it. The Federal Rules of Appellate Procedure state that en banc proceedings are disfavored but may be ordered to maintain uniformity of decisions within the circuit or if the issue is exceptionally important (Fed. R. App. P. 35(a)). Each court of appeals also has particular rules regarding en banc proceedings. Under the doctrine of stare decisis, as applied in the federal court system, only a court sitting en banc or the U.S. Supreme Court can overrule a prior decision in the same circuit; in other words, one panel cannot overrule another.
Federal law provides that for courts with more than 15 judges, an en banc hearing may consist of "such number of members of its en banc courts as may be prescribed by rule of the court of appeals."The Ninth Circuit, with 29 judges, uses this procedure, and its en banc court consists of 11 judges. Theoretically, the Ninth Circuit can hear the case with all judges participating. In practice, however, such a hearing has only been requested rarely; the requests have all been denied. The Fifth Circuit, with 17 judges, also adopted a similar procedure in 1986. State of La. ex rel. Guste v. M/V TESTBANK, 752 F.2d 1019 (5th Cir. 1985) (en banc). The Sixth Circuit has 16 judges but as of September 2016 it has not yet adopted such a policy; en banc cases are generally heard by all 16 judges. The Foreign Intelligence Surveillance Court, established in 1978, sat en banc for the first time in 2017 in a case concerning bulk data collection.
https://en.wikipedia.org/wiki/En_banc
i definitely believes this administration is the most investor's friendly. After analyzing all the past and present statement and sensible conclusion can easily be made and that is they are going to release the gse and conpensate the shareholders. But there are a lot of bad player our their trying to grab your money for short term. Just be a little bit careful.