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sticky this post
You'd think it would attract all sorts of media attention but yet it doesn't! Gee I wonder why?
Perhaps they are in on the take.
not only did they RT it - the actual story is from 10.3 - implying that there are now more legs to it.
that is why yes.
BI out with a note today calling that the recent capital retention news is a step towards settlement.
allllllllllll aboard
These are always missed opportunities. Mostly b/c Irons has no clue what questions to ask. I appreciate the effort but it's not nearly as good as it could be.
https://www.zestfinance.com/about/our-team
Kareem Saleh
EXECUTIVE VICE PRESIDENT
I've spent my career working at the intersection of finance, technology, and government. I cut my teeth as the consigliere to business leaders and senior officials in the Obama administration working on finance and green energy issues. I came away from that work convinced that machine learning could ignite a credit revolution around the world and serve as an important driver of financial inclusion and poverty alleviation. Now I help the world's most prestigious financial institutions expand access to credit by transitioning from conventional underwriting techniques to artificial intelligence-based ones. At Zest I'm fortunate to work across a variety of functions including sales, marketing, legal, and government affairs.
also in response to
no one will sue - statue of limitations! they scream.
not knowing that the ripeness happens when the loss is incurred - i.e. at the exe date of the warrants
should be fun. sorry to people who don't understand how warrants work and what the exercising of warrants means. hint: issuance does not = exercise
So Prefs are down on the news that their position will double within a year?
That is a seriously confusing market reaction.
sure but they're never there without the actions of Bush's treasury sec. Will they see it coming Hank?
so we think they'll take it to trial on remand or there will be a summary judgement on the merits?
There won't be a trial - next steps are obvious. Ruleoflawguy was right when he said they can't deny the facts now - they will settle. It wasn't a business decision it was a ruling on the merits of the law - the wiggle room is all gone.
ALSO amazing that a mod on this board is disparaging to Howard. The man is a modern day patriot - get it together.
no it was remanded for summary judgement - you're both wrong. listen to what the actual lawyers are saying on the call.
the handwriting is on the wall.
except the nws was just nullified so mnuchin can bluster all he wants but he can't keep taking the capital willy nilly no matter what and he knows it.
Thanks Obit - Congrats on the free premium upgrade - no one deserves it more. I am using my one post allotted a day to ask you the following:
I wonder if you agree with this thread sourced here but pasted in its entirety below: https://twitter.com/RuleofLawGuy1/status/1170357183227338753?s=20
I gotta say.
This is huge.
lol - I love that everyone thought trump and the republicans were going to do the right thing. what about that man made you think he was going to do anything to help anyone other than his cronies?
this runs counter to what everyone was saying yesterday - plan release after hours today...
would love to see this sordid interview you speak of - link? oh maybe it's this https://www.c-span.org/video/?c3691349/clip-qa-peter-wallison
Back when people didn't contemplate life with the internet - people don't forget.
All the optics have been glowing to date!
Isn't Justice Delayed Justice Denied? Wouldn't it be even more so if there were billions at stake?
Remind me again how the recap is going to work?
Some other bits that didn't make it into this primer...
— Andrew Ackerman (@amacker) August 27, 2019
ya.... can't teach an old dog new tricks... quick, call demarco, stevens, parrott, ugoletti, whalen, eaken, or some other lying sack of shit asshole for a dirtbag quote https://t.co/GdJjwKubJV
— Fanniegate Hero (@DoNotLose) August 27, 2019
longterm traders here know this means cousin arnold is stepping in long
because he knows that the admin plan is dropping post labor day and this will shoot to $6
would also like to know what political reasons you think exist that involve math. Politicians can barely do basic adding and subtracting.
luckily the courts have put a swift stop to it!
Upon its appointment, FHFA, as Conservator, immediately succeeded to all rights, titles, powers, and privileges of Freddie Mac, and of any stockholder, officer, or director thereof, with respect to the company and its assets.
http://www.freddiemac.com/investors/pdf/investor-presentation.pdf
Mnuchin out?
https://perspectives.agf.com/a-government-in-paralysis/
"Two of the remaining heavyweights in the Cabinet — Mike Pompeo and Stephen Mnuchin — are thinking of leaving this fall. Pompeo knows that ISIS and the Taliban haven’t been defeated, yet the president wants to disengage. Mnuchin is exasperated on trade, and both are grappling with enormous unfilled vacancies."
https://howardonmortgagefinance.com/2019/06/19/assessing-the-fhfa-capital-rule/#comment-11388
It’s in this context that I’m assessing how FHFA might be treating capital in the most recent Dodd-Frank stress test. In its stylized scenario, sharp declines in GDP and increases in unemployment begin on January 1, 2019 and they continue through the third quarter of 2020. FHFA is writing about the results of this test in mid-2019, and Fannie and Freddie start the test with only $10.9 billion in capital. If FHFA really thinks that with this tiny amount of initial capital and the cascading losses assumed in the stress test the companies won’t need draws from Treasury because they’ll be able to convince investors to provide them with the capital necessary to cover their stress losses, this would indicate to me that at this late date it still isn’t thinking realistically about how the companies’ capital management process works. That would be very worrisome, and I hope it’s not the case.
her realvision interviews on this subject are all just ok
if you don't go along with us on this rating agencies, we'll never allocate another deal to you again.
That crushes their entire business.
SO, @MelissaLeeCNBC wasn't the stock market going to sell off large w/o a rate cut?? Can't blame this on trade. Kinda like the #fanniegate kinder trading the #GSEs on good/bad news burps.... @steveliesman
— Richard Christopher Whalen (@rcwhalen) August 5, 2019
duh - it's literally enough money to buy off the entire judicial system and make mockery out of the entire show. all the world's a stage.
he also said he'd have no credibility if his original en banc date passed and it didn't drop.
whoops
fake promises made, fake promises delivered? Is that the slogan. Courts or nothing on this trade and so far its been nothing. Banana Republic.
I am Holden Walker
Bill what do you think about the moral hazard that now exists in every bailed out bank? Do you think that if they bank's shareholders were made to have taken losses, their behavior would actually change?
Bill - care to ballpark the En Banc ruling for us?
Do you think we have an independent judicial branch?
Does Carney really think anyone thinks he's smarter than Tim Howard?
Does Gasperino know how dumb he seems? Does he care? is he just a court jester at this point?
What about Bradford with his lack of doing anything other than GSEs whilst he waits for the implementation of Moelis's plan. Do you think he's right? never a dull moment with that guy
— Fanniegate Hero (@DoNotLose) July 22, 2019
no one, NO ONE is going to buy that common stock. Just ignore the malfeasance! It's easy!
Just unload the equity to whoever will take it - no one! great plan.
what makes you so sure about the ruling timing?