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Win or loose it will be interesting to see who will use the twins as subject matter during the elections if we don't win something. I consider them released with capital a win.
The government must be saving up the swipe monies as the government will need it to encourage investors. No way anybody take a risk without that support and that of the backing of the tax payer. The loans will again begin for those that can barely afford them as part of the fair housing act. Watch and see.
Why is it you can wait so long(years) for something and just when the time is at hand every minute seems like a life time.
Oh she takes time to introduce Rev Jackson who was in the audience.
I recorded the banking regulations meeting. Interesting seeing Waters kissing ass to Jamie Dimon. Also does anybody know what the guy in the red shirt was speaking about as Waters ran her mouth to drown him out. It was after BoA CEO did his introduction. We should now see clearly who the banks belong to as talk about how the Republicans are trying to weaken the Volcker rule. Interesting too that Demarcates would go there as they under Clinton administration in 1999 destroyed the Steagall National Housing Act of 1939 which was all that stood between the MBS market and the investment banks. The banks all richer now and here we are ten plus years later.
Don't they manage the civil service retirement system the retirement system for federal employees?
Came home today and turned on a little c-span and watched a little replay of the banking regulation meeting. A Brad Sherman spoke to the bank ceos and said that they where given to option to buy toxic assets from them(TARP) but opted for the preferred shares instead and said it was the correct choice and they got paid back with interest. So that is the why for the preferred shares.
Now that's an idea. Let them know we are still watching and waiting.
Maybe he meant squint as mentioned with pocket protectors.
Nope, believe you hit it on the head. The most are a bunch are paid whores. Can't total figure out Trump as I truly believe he is trying to make a difference. He was right and is correct most of the time. I know he tweets and stirs stuff up but at least he got them questioning, thinking and making a choice.
What worked for 60 years was keeping the investment banks out of the MBS market. What failed is banks lending practices. The twins are still working and never stopped. On top of that they where the buffer for the housing collapse and are the heroes and not the posture children like the propaganda would lead you to believe. Watch as the government talks one way but they all know the difference and we will once again be riding in greased grooves. If the government doesn't ween themselves off the dole of the twins the twins will not be there to shore up the government in the future as the government will keep draining the coffers because that is what they do.
Scorpion and the frog.
Remember with everything being equal and fair the simple answer is best and correct.
Leave it to the government to posture and blow everything out of portion and say it just to big for you all too understand. To complicated for your punny minds. Best you all leave it all to the big boys mind trust.
Welcome to the Wizard of Oz!
The twins are just talking points which everyone is an expert. If they wanted the investment banks out of the MBS market they would just reverse the legislation of 1999. Unfortunately the banking lobbyist have the great voice and they worked to long for access to that market. The only thing I see is left is to release the twins, stop the NWS, and then the courts will settle out as once the conservatorship is finalized the courts can determine damages. It not the courts to determine their fate. It's about the money. Always about the money.
Question for those in the know. Is buying the twins a question of why own the cow when you can get the milk for free sort of issue. Would they be better off just owning shares?
Does anybody believe the government will not back securities on whomever packages them?
That the government will not bail out the banks again, whom I hold accountable for the mess in the first place. If they did not create CDOs and CDSs in the MBS market place in the first place it wouldn't have been as bad not to mention allowing mortgages to risky borrowers, to follow up on second mortgages to see if money was used to increase the value of the home and not as tax free income.
Not to mention creating a team to determine if the home will cover the loan amount and not just a speculative venture.
I know and the salt tax only hurt more expensive homes in high tax areas. No way will the abolishment of the 30 yr help the economy or Trump 2020. Tricky guy though, he might just get him in to release the twins. Me thinks the Dems will vote for him and bitch but some know it an anchor Trump should have done differently. The banks own these bitches no doubt.
I just can't believe the government not admitting to bad legislature that let the investment banks into the MBS market. There wasn't a problem with how the twins conducted business and it was good all around too include the government. They are really going to screw the pooch on this one.
Well my loan is assumable and so if the thirty year goes away and can name my price. Those who have the equity and want to down size have an option. People having to sell for job relocation may not fair unless company wants to own a home. More and more want to be home owners are not going to spend as they need to save a bunch for a home. Rent in apartments are going to go up on demand and just because they can charge more. You have a thirty year mortgage today you are most likely safe if you like where you are and hope you don't have to refinance do to unexpected events.
Why? Just got listening to Sen Brown from Ohio going on and on about Mark Calabria resistance of the thirty year morgage. All news on Tesla and not a blink on this issue. Are we to believe the abolishment of the third day mortgage is around the corner? Does any body understand what impact this will have on everyone and the economy? Mark was said to say that people loosing their job and homes where dead beats. Can't believe Trump would allow this. Crazy world.
They/government first invented this wheel and it's purpose both for the consumers and it self in the way of securities. Served us well till the main support structure was weaken by legislation in 1999 that gave the banks what they had been seeking for decades. Now the greedy congress and government coffers don't want to ween themselves off the dole. Problem for them is they all fight over the proceeds and some know that they will have to hold them on the books. It is how they hide these monies going forward is what they must be thinking. They might consider too as to what the court of public opinion would think about all this.as it is a political tool.
No, not even the government can split or share a dollar that many ways.
Thankyou !
Thanks ;>)
Was there suppose to be a sweep of monies at months end?
Thinking if warrants are executed and the shares price falls I will be in there for sure. Ridiculous too think that others wouldn't as it will be all up from there. If that is all that it's between them being released then I am all in.
Me thinks Trump is milking all that he done to help the economy. There is talk on TV from one to the Treasury dept people about a possible slow down of the economy. They don't know and when or if it does Me thinks and believes he will accelerate the release of the twins and encourage growth of private home ownership. There is a lack of new homes that was allowed to happen with the growth of duplex and condos. He might even resend the salt tax too. That will be a huge stimulus with all the peripheral activities involved. Wait and watch.
Maybe why FISA documents are still sealed as opening them to public would set precedence with all the documentation on the twins. Everyone in politics using one thing or the other as pawns.
Maria frustrated talking to Dr. Ben Carson HUD secretary this morning on F&F. Hope it went the way it did because it was 6:30 a.m. as he isn't a ball of fire. He is either being very coy or he is a wall flower.
Not sure if reform in any other form necessary as all the twins need is to be allowed to retain capital and that is release in any shape of the word.
Dems don't want Trump to have control of this capital. The only thing keeping it out of the light is that nether side wants to bring attention to this situation and only want control of these funds for themselves. A political football in the making.
No I believe we are still on track and will be seeing results before June.
We should hire Mueller to investigate collusion in regards to the twins and special interest. The obstruction in this case is monumental. If they hired him to investigate HRC she would have been wearing strips pajamas.
Mueller dossier lasted just over a year. The twins dossier over a decade. Mueller dossier a whole lotta nothing. The twins dossier chock full of government collusion and corruption with legal foot dragging.
Me thinks you may have something there. However he may have more power just talking about them.
Locked by executive action can be unlock with executive action.
The twins have been progressing and implementing their plan and going to need demonstrate good will to gain confidence of their investors to sell securities in June. If courts site against government then it is fraud and the tax deferred assets can furnish revenue for shoring up capital for the twins. No statue of limitation in the event of fraud. Warrants will be resolved. The twins will continue to make money and soon after be listed on big board. Since the risk has been shared or minimized, and once capital restored. Not sure it legislation will happen as that a gift to banks and that is how it all got started in the first place. We will be ok going forward.
Still on track for RR before June.
Are you just talking warrants, correct?
Just finished seeing a story on Bloomberg with Jim Millstein former US Treasury chief restructuring officer and main take a way is it all looking at a rebuild of capital, however he believes they are a long way away. He stated the impractical capital they want and it will be the breaking point as they didn't have that before. I believe it will demonstrate the government lack of interest in doing so by allowing them to retain only so much so the government can continue to steal more. However doesn't dismiss the fact they will be a screaming lie that the twins aren't on their books and that they are back stopping them.
It is all out there that the twins have made copious amounts of money for the government taking and are not well capitalized. That they been under conservatorship by the government for over a decade. tick tock
There are those that say it's coming, but it might not be a loud announcement. Could be one of those left the latch off the barn door and the cows are sneaking in to get an early start on the grain kind of thing. Whoa where is all the grain going. Telling you it is a watched pot. Look for the bubbles to get larger and larger just prior to a rolling boil.
Expect more news like this as everyone is gearing up for a housing event. With low unemployment and ten years of housing stall, and low interest rates it is going to be like the gates opening at Belmont park.
Because a lot of crazy people made a law saying they are exempted from the law. It takes congressional level action and that is neither bipartisan or partisan action that will happen. That is something they will all come too gather on. They will present it for public opinion and that is it.
Just more definitions and talk. I remember hearing banks tell people who are looking at a second mortgage that the interest might be deducible on their taxes. Amazing as that money is to be used as described as a home improvement and then it is deductible. Criminal to telling people that and the bank not following up on how it is used. Criminal that people claimed it on their taxes. So as long as this and other stupid stuff the banks do we are all going to be at risk as those loans get securitized. Government needs to securitize loans to raise capital. Don't see it happening any different with the exception that the twins where strong and where there to save the economy. Just where is the sweep money going and how about all that drug money. Audit the fed.