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bloop blop
for the record - people talking about corrupt judges include Tim Howard, but maybe he's just crazy too. The idea that this is an insiders game is not inconsistent with a corrupt judiciary btw.
Also if you understood the accounting of MBS, which I doubt give your dismissal of the idea that the bailouts were based on lies (they were), you would know that the bailout wasn't needed. But since you don't you won't and there is little reason to try to explain it if you've not figured it out by now. Here is this again https://www.housingwire.com/blogs/1-rewired/post/34280-the-three-card-monte-accounting-of-fannie-freddie-conservatorship#.VYnKXtqu_PE.twitter
have you refuted this work somewhere publicly? A counter-whitepaper maybe? would love to see that if it is available.
don't know what to tell you.
hope you had a good laugh at this
https://davidhstevensblog.com/2018/11/09/the-moelis-plan-putting-the-cart-before-the-horse/
Specifically
#4 and #6 are effectively the same intractable issue should the gov't recapture any value from their ill begotten warrants.
If gov't is rewarded for their behavior then there is no resolution.
Lots of talk of infrastructure last night - how are they going to pay for it?!?!??
lol
https://twitter.com/DoNotLose/status/1059909787314462720
only if the courts aren't corrupt! (whoops!)
the ole GOP really only cares about who counts the votes in all walks
will no legislation on this ever get passed in the most polarized congress in the history of the United States (sans civil war)? Isn't administrative action the only likely scenario?
I'm wasting my one comment I have per day here to say you have an epic username.
thanks again to the mods and admins - doing great work - especially if you're aiming to emulate fascists. Hi Commons canceled! I have no idea why you're a mod - maybe because this website is a actually a propaganda show
at least try to hide it better guys!
the original 'deal' was a deal between the gov't and itself. Shareholders had their companies co-opted and the gov't was self dealing with itself to make the 'deal'. That's the joke guys.
why? you know better?
lol so this is a fundamental trade now?
didn't Mario flee to a non extradition state?
again your lack of knowing how this market works makes your argument terrible.
i'm shocked my other post got deleted! and it's nice to know this website has a shady mod process that could be easily manipulated by state actors.
since this post is still up - farewell fellow ihub posters - feel free to shoot me a DM when commons is banned from being a mod
going to be great when they revoke the charters and kill 1/4 of the economy overnight
do you know what a dus lender is? i'm going to guess you don't.
https://en.wikipedia.org/wiki/Joseph_Otting
He holds a Bachelor of Arts degree in management from the University of Northern Iowa, which he received in 1981.
https://www.moelis.com/our-team/page/8/
Landon Parsons is a Senior Advisor at Moelis & Company. Mr. Parsons has nearly 25 years of structured credit experience as an analyst, investor and advisor. Previously, Mr. Parsons was a member of the Mortgage Special Situations Group at Goldman Sachs. He joined Goldman in 2008 after seven years at C-BASS, an affiliate of Mortgage Guaranty Insurance Corporation and Radian, where he was a Managing Director responsible for investing and managing structured products in non-agency and subprime RMBS, CMBS and ABS. Mr. Parsons also served as Managing Director and Co-Head of Structured Finance for CGA Investment Management and as a Senior Business Development Manager at Financial Guaranty Insurance Company. Prior to this, he held positions at Credit Lyonnais, Capital Markets Assurance Corporation and Citicorp.
Mr. Parsons holds a B.A. from the University of Northern Iowa and an M.S. from the Krannert Graduate School of Management at Purdue University.
you're welcome
dubious and dated points but you did make some
oh how quickly we equivocate.
So you're saying all it takes is more accounting fraud?
I think once you're caught you should stop
oh - we're sure his views haven't shifted in the last 5 years?
Are you sure he wasn't just posturing to appease the politicians in power at that time?
Do you think that since there is no alternative to Fannie and Freddie that he might come to a different conclusion today?
So I don't think we know today. We knew that was his contention in 2013.
These 2 things are very different. I'm sorry you can't tell.
I too do not trust any goldmanites
It's just that you seem to think that shifting the entirety of the origination apparatus under Ginnie Mae is something that can happen at the drop of the hat. I would like you inform you that that is far from the reality.
that's why it matters. see when realities start to impact these scenarios all these pie in the sky thoughts about receivership and recap without due compensation for all stakeholders just go up in smoke.
Ask me to define due compensation.
ok - the gov't has to cut a fucking check.
if you'd like to understand how the various charters that the GSEs doll out and who owns those charters and what's revocation of those charters may do... well that is a longer discussion on which I'm not going to spend time on - it's all public so go to town, but your pontifications about how easy these things are to do.. are simply laughable.
Do you even know how loans get made thru the GSE programs? It doesn't at all seem like it.
lol - you must have pretty good insight into how the mortgage market works.
right, and in that scenario the entire real estate market goes tits up - so isn't that just a silly thing to contemplate?
Not to mention the consolidation of the outstanding debts on the balance sheets of the GSEs. But that's just accounting - so they'll probably be able to massage that right? Don't forget ---> The entire market knows they've done it before!
So do the rules matter or don't they - you quasi lawyers seem to love to have it both ways.
this is really going to help their private market capital raise efforts.
so they just keep lying.
got it
sunlight disinfects
how can they possibly justify a receivership?
IF BoD is found to be captured by the beneficial party of said warrants - we don't care because we own everything anyways and no one is ever going to put more money into this extremely mob style set up - I like how you people keep posting what's legal as if the law is being somehow evenly applied anywhere.
Like I get it, you went to law school, it's hard realizing you could've been fooled into spending so much money learning the law and the realizing that people who started out life gilded to the gills have so much more pull anyways.
I mean that really must cut deep. But hey, at least you think it still somehow matters at all.
kinda!
yep - as soon as they admit the debt is paid then the original deal should be revisited in it's entirety - since they do that in the most self serving way possible, they're going to get sued.
we know we lied, you know we lied, the courts are going to find out we lied but we'd still like to extract value for these lies and self dealing while raising more money from the market.. and oh by the way... this could happen to you if you step in here again and you have dick in the way of protections to prevent that from happening in the future. ohbytheway the justice system is under our control so it is no longer aptly named. also we control the media narrative too so only a tiny fraction of the population will understand this and no one will ever be on your side about it because they don't give 2 shits about the rule of law because survivor season 29 is on!
best of luck to all who think that dog will hunt.
it's not fair. there is no seeming one way or another - you fucking lawyers and your god complexes are intolerable.
I wonder what Wheeler netted for that