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"Because MC and SM the most stupid person in the world both with economic degree toilet tissue don't know what was he saying.. How the heck the director of FHFA talks like crap..Release the F&F out of Cship using the money to cover for the cost by COVID-19 for hardship house owner. Use your head figure this out don't let the water hitting your foot..Do it while you in charge. You are the fool of it for delay and delay. Wake up and face the reality your dump head cross eyes.
"
If Gov is helping companies affected by the COVID-19, then Gov should be helping FnF that have been asked by the Gov to help mortgage borrowers.
Gov caused Stock market meltdown in 2008 and 2020 by
1. allowing traders to short sell other investor's borrowed stock
2. allowing naked short selling
3. allowing Media to create atmosphere of panic
Gov should be prosecuting brokers for engaging in anti-investor activities and causing massive losses to stock owners by unlawfully lending stocks to short sellers.
Stock owners should also sue brokers for misusing their stock and causing losses. This is an excellent case for litigation lawyers.
Investors are keeping their stock with the brokers for safekeeping and not for lending and short selling. Congress should investigate and prohibit such practices to protect the stock investors.
"https://www.google.com/amp/s/amp.9news.com.au/article/aa519075-202d-4bbb-a853-432240d6bcac"
CNBC allowed BA to come during trading hours and play all the passionate crying dram. This is despicable. CNBC did not ask BA to disclose conflict of interest before interviewing BA.
Regulators should be investigating such market manipulations by media and a large investor.
"Really good news here for Fannie & Freddie
https://www.cbsnews.com/news/trump-hud-suspending-evictions-foreclosures/"
Even better news would be when Trump abolishes mob agency FHFA and frees FnF from evil Gov bureaucrats.
"Our government is not credible if they think they have to steal money from fnma shareholders to keep the government running."
The main problem is the traders have tremendous influence on Gov through their appointees in key position and corrupt media.
Once should watch (if some one makes one) documentary on how media created the COVID-19 fear pandemic and crashed economies all over the world except in China.
"the GSEs & overall mkt are CRAZY Volatile - moving 6-7% in a Day"
Already some good effective treatments are on the way. These treatments will reduce severity and recovery time. May be no need for prolonged hospitalization and ICU treatment.
Hope everything returns to normal within just couple of days.
"Bill Ackman discusses why he believes shutting down the entire country is best for the economy 8,134 views•Mar 23, 2020"
LOL, Yesterday, on Evilberg, equally evil BA with a smile announced that he invested $2.5B in stock markets and said it is the best time to invest.
What ever crying drama he did few days back was to push down the prices so that he can buy cheap.
The financial markets are manipulated by huge criminal enterprises.
Unfortunately Gov shutdown everything except financial markets with short traders to rape and plunder with borrowed stocks and as well as naked naked shorting.
"If Trump admin don’t release them, I voting Democrat for president. That will get Mnuchin and Calabria out."
Trump needs to take control of the situation and not let the PC bureaucrats and traders run the show.
COVID-19 response needs to be carefully balanced in favor of economy. More than 90% of the healthy population will be fine. Focus only on the vulnerable population of less 5% to 10%.
It is time to release FnF and economy from the clutches of PC bureaucrats.
"BULLCRAP TRUMP IS IN CHARGE NOT SQUID"
Many are losing patience with Trump administration handling of the situation.
Administration has handed over all the controls to deep state and wall street traders.
Trump had one thing to boast about. Now he has lost it.
Trump need to wake up. Release FnF and Release economy from the clutches of deep state and wall street traders. Otherwise this will be his last term.
"No one?
I listen to medical professionals and epidemiologists, not lying political blowhards
One Harvard epidemiologist told the Wall Street Journal he expects 40 to 70 percent of the global population will be infected this year; a biostatistician who consults for the World Health Organization projected two-thirds of all people will eventually contract COVID-19."
LOL, Read what I wrote.
How "Expectations" and "projections" are different from "speculations" and "guestimations". A range of 40% to 70% means about 2.5B to 4B people. This does not seem to be precise or reliable prediction.
The problem with COVID-19 is, there is no reliable and sufficient data or history that any one can project accurately with acceptable reliability.
What is known with some reliability is, contracting COVID-19 does not cause serious illness for most of the healthy population.
"As far as Corona Virus, in three weeks there will be a million cases in the USA if we don't deflect it somehow.
"
No one seems to be sure about anything about COVID-19 at this time.
Everything seems to be speculative, guestimation and preventative.
Only thing we know is that mostly COVID-19 does not affect healthy people. So we are not without hope.
"Excuse for receivership"
FHFA is a paper tiger, rubber stamp agency. It can not do anything without some one telling it on what to do.
"Smart people understand what's happening receivership"
Not only that is what WS and Dems want but they also want no more of Trump.
Trump is smarter than that. If you watch Trump talking on TV, he is clearly not thrilled with Corona syndrome but trying to be politically correct in the current situation.
LOL, The most hated deep state has snatched the control from Trump and managing Trump on what to do. Deep state has almost undone what Trump accomplished in last 3.5 years.
It will take just few more days before Trump gets back his control over the over blown corona syndrome.
Receivership will never happen. It did not happen during worst 2008 financial crisis and it did not happen even after 11 years under the administration of FnF haters. How can it happen under administration that wants to end conservatorship?
"Calabria Delays Release of Re-Proposed Capital Rule"
It is almost 4 years that Trump Administration promised to end conservatorship on priority basis.
Trump supporters are really disappointed with Trump on promises made but not kept on this simple promise.
Ending FnF conservatorship is very low hanging fruit that has major positive economic impact. Still, Trump Administration keeps on prolonging mafia conservatorship a shameful lawless legacy from Obama administration.
SM and FHFA/MC have lost the credibility.
Trump should immediately appoint some one in consultation with HUD Sy to work on expeditious ending of conservatorship.
"?However wall street traders control the Gov ?"
Do not agree!
Look at what many top officials and regulators were doing before joining the Gov.
BTW most of the UST Sy have long history as wall street traders.
"oops"
LOL, Do you agree or not.
Or Did it come as a surprise that FnF Conservator is breaking the wind with false narratives like his predecessors...
FnF have been totally controlled by the Gov. FnF are forced to do whatever Gov, laws and policies tell them to do.
Instead of telling Gov to stop misusing and abusing FnF, FnF Conservator is blaming FnF. It is like blaming the rape victims instead of rapists.
FnF need a competent and honest regulator/conservator. FHFA has totally discredited itself and it is more of a liability than of any help to nation.
FHFA needs to be disbanded. Let FnF be regulated like any other private companies.
"Trump doing something???
https://www.yahoo.com/news/anti-malaria-drug-made-available-155032180.html"
LOL, There is another type of highly contagious virus WSSV-20162020 that is circulating besides COVID-19 virus.
This highly contagious "Wall Street Scare Virus 2016-2020" (WSSV-20162020) was created by wall street and spread by the wall street sponsored media.
Only medicine that works for this wall street scare virus is "ban on short selling". If Gov were to ban short selling as a first step, then Wall Street Scare Virus would have died long time back. COVID-19 would die down like any other similar Viruses.
BTW Corona Viruses are a group of viruses that exist every where. May be most people are already exposed to similar type of viruses and have some form of immunity. Because of this most people (>80%) have only mild or no symptoms. Other 20% are mostly not in good health or elderly that are susceptible to various infections.
The best measures are good hygienic practices and healthy life style and avoiding unnecessary exposures to any infectious germs. The 20% of the vulnerable population should be extra careful.
Hope soon there will be many affordable simple treatments for COVID-19 similar to any cold or flu viral infections. Gov needs to make sure that all options are explored without bureaucratic interference.
"Mark Calabria is a principled and honorable person who inherited a bad situation.
"
Mark Calabria has made it impossible for FnF to raise fresh capital from the markets with his careless and irresponsible loose talk interviews and public statements.
FnF conservatorship is going to continue until both SM and MC go out or both come out clean with their real intentions.
"He also emphasized his goal of closing the gap between the GSEs and similar entities, noting that the mortgage giants have been able to grow sharply because they are highly leveraged."
The incompetent and dumb Catman does not understand that GSEs grow and shrink based what Gov/FHFA tells GSEs to do.
Gov/FHFA tells GSEs to provide liquidity irrespective of their capital levels. So GSEs do not grow on their own and become highly leveraged.
FnF need a competent regulator who understands FnF business model as frmaed by the laws and Gov policies.
It is shame that Catman calls himself a expert in housing finance and makes such stupid statements.
"I think very soon, UST will need to suspend short-selling for 3-6 months. This is the only way to stop the panic free fall. And, I suppose this measure is necessary in crisis. This is just my suggestion and estimation."
Intuitively and logically thinking, this should be the first step to protect the integrity of the financial markets and economy. If this is done as a first step then the damage to financial markets and economy will be minimal and recovery will be faster.
However wall street traders control the Gov, so this is done as a last step or never done.
In 2008, Hank implemented the ban on short selling when the crisis started bankrupting the traders.
"I'm not saying that at all
I'm saying there is too small of a sample size of closed cases to know the eventual mortality rate.
Until we have closed thousands of cases the true trend will not be known
"
Yes, you were not saying that but you gave statistics as a fact of matter and it says mortality rate as 50%.
What you mean by close the case?
Is not "tested as positive and survived" a open/closed case?
Using this criteria what is the correct statistics.
"Buddy...there's a global pandemic...what's so F'n complicated to understand."
LOL, so you want all to accept the way media is telling us.
Talk to common people and hear what they are saying.
"Facts
https://www.worldometers.info/coronavirus/#countries
At this moment, in the USA there have been 116 Deaths and 106 recoveries. So more than 50% of closed cases have resulted in death.
There's 7,176 open cases in the USA currently, over 2,000 new cases in the last 36 hours
Facts.
Now what have you got?
Wash your hands"
LOL, you are saying mortality rate is 50%. Get your facts correctly.
"Too small of a sample size to really know yet
But provable facts betray your theory so far
People in their 40's and 50's are also dying
Treatment drugs, even if efficacious, are not a cure for the spread of the disease
Until there is a widely distributed effective vaccine, things have changed"
LOL, You are telling us to trust media opinion and that too financial media opinion?
Let us go by only known and verified facts.
"https://www.google.com/amp/s/amp.theguardian.com/world/2020/mar/18/japanese-flu-drug-clearly-effective-in-treating-coronavirus-says-china
"
"Japanese flu drug 'clearly effective' in treating coronavirus, says China
Shares in Fujifilm Toyama Chemical, which developed favipiravir, surged after praise by Chinese official following clinical trials"
May be over next few weeks there will be lot of similar announcements of effective treatments for COVID-19 using existing and new treatments.
COVID-19 is not a totally new Virus. So previous treatments for similar type of viruses should also work.
"America has 53 million people over the age of 65 (Italy total population, all ages, is 58M)"
If US bans short selling, one can immediately see the effect on how media starts reporting on COVID-19.
"America has 53 million people over the age of 65 (Italy total population, all ages, is 58M)"
What mostly matters is, not only the total aged population but also how they are distributed and density, and how they are taken care off.
In USA, most fatalities happened in nursing homes for elderly.
"who is this THEY that is attacking us ?"
The messages will get deleted if we start naming and it is better kept as "they".
Most know what who are "they".
This is not the first market crashed based on scare. There were many trade related scare mongering besides many others.
"and Italy and ?
check the website
check back in a week
4% is the run rate
cut that in half and its 2%"
Italy may not be good example with lots aged people. There was a news story that Italy hired lot of Chinese workers to work in its leather goods factories.
May be a better example would be an average for all developed countries similar to USA.
Take a example of neighboring India which has similarly very large population as China and may be similar living conditions but totally different weather and food habits, the statistics are far better than USA.
We should be using optimistic model for USA than China. There is no need to work on the basis of worst case model in case of USA.
"The useless brain MC did not understand at all only love to grab the power. US housing is go to be decline as well many people walk away due to unable to pay mortgage because of COVID-19.. Wake up stupid MC and SM don't wait the water get to your feet.. Release the F&F to market now not later.. But with their greedy and liar I don't give a damn if the crook do get covid-19. I also wonder why Covid-19 only showing in many countries around the world except Russia?"
In the end when we get to bottom of this epidemic, you will find hands of media every where.
"but what if - without social spacing etc. - we have 3,000,000 - then at 2% that is 60,000 v 20,000 which is huge ---- think your family and extended friend circle"
China is not the right country for estimation for US situation.
USA has far better living conditions and healthcare system.
For USA, we need to reduce the worst case scenario by at least 50%. Then COVID-19 may look same as any flu situation.
"A lot like the Russian and impeachment regurgitation by media and liberals. Going to destroy the economy at any cost."
Very true. In the case of "Russian and impeachment regurgitation" there was a way to verify the facts. But in this case the they have used fear to scare all. When everybody starts playing safe against this continuous media rinse and repeat scare news, administration is also handicapped for lack of good verifiable information.
Also there needs to be some skepticism of what medical pundits and experts keep on predicting/advising and needs to have proper discussion. Look at our most expensive health care system that keeps on becoming more expensive and unaffordable everyday. We are going in the same direction (economic bankruptcy) now. We need to have managements experts leading the situation than media, health experts/pundits.
Even in wars people know that there will be fatalities but wars do happen with that fear of fatalities. COVID-19 is no different. In this situation we know how things will play out based on past experiences in handling similar viral infections. But this time media has taken it to extreme. This can be seen as continuation of what media has done in the last four years.
Most people are expressing skepticism at amount of attention and reaction to COVID-19. Gov needs to make sure that people do not get enriched with such engineered social scare mongering.
BTW we also need to be skeptical about international organizations who many times have conflict of interests and want to get lots of funding.
"NPR https://www.npr.org/sections/health-shots/2020/03/16/816707182/map-tracking-the-spread-of-the-coronavirus-in-the-u-s"
Cases are leveling off in china.
Researchers are trying existing treatments (medicines) for treating Covid-19 with some successes.
So this precarious situation may not last for long time. Once few lines of treatment are confirmed, all this scare will go away.
Ameritrade and BOA-ML do not put such restrictions. Only WFC is putting such restrictions. In a down market with big swings this will be a big problem for investors. Regulators should look in to such restrictive practices.
well fargo restricts limit orders for stocks (including FnF) to less than 50% above of current price. Any experience form others.
"They must be in one of two places. The house might own some. And, margin agreement bound accounts. Everyone who has such an account has signed a margin agreement that includes the right of the brokerage to borrow shares as the brokerage wants. (The shares are NOT moved out of your account but are "noted on the books" as borrowed)"
This should be illegal. The people pay interest on the money they borrow.
Hypothecation does not mean, lender can use your assets to screw you.
Besides brokers have fiduciary duty to clients.
"FNMA short sales last 30 days exceed 50 million. Lot of heads hitting the floor if USA bans short selling for 60 days."
Instead of halting trading why can not Gov ban short selling and keep the trading on. It is no brainer.
But the problem is traders can not make big profits without short trading.
https://swarajyamag.com/insta/umsom-virologists-use-weather-modeling-data-to-predict-potential-spread-and-seasonality-for-covid-19
From this study it looks like COVID-19 is weather dependent. May be by the end of march, the covid-19 cases may start coming down.
"Are you sure that applies to stocks in OTC ? I was wondering who were selling in the past few days. Stock price simply jumped down. Will one lend his stocks for someone to do that to his holding to this extent ? Can we block this loophole in future ? Thanks."
Naked short selling is illegal. But I think Market makers have some limited exemptions for the sake of creating the liquid market the shares.
Brokers lend the shares of their clients for short selling without the knowledge of their clients. This needs to prevented.
"Then, why not issue new preferred shares at 2% interest to recapitalize & release immediately ? Suppose the GSEs need $200B, 2% interest will mean $4B interest payment a year which is totally affordable to the GSEs.
"
Yes, Like this there are so many easy and better options. But K19 desperately tries to convince CS holders that JPS are better.
Why worry about JPS and the dividends, anyway JPS are non-cumulative. Just build the capital with retained earning and then just redeem JPS.
Or why worry about redeeming JPS, FnF can just buy JPS from the open markets for 20-30 cents on a dollar.
"Any company the government bails out needs the same deal the gse has had for 12 years. Take the shares and place warrants on the property and stock and certainly place those mob like lending practices on them. Companies got accountants cooking the books now took get some of that government cheese most of the money will not make it to where it's needed more crime and waste will take place"
This is a very sad legacy of two previous administrations that allowed criminals to destroy private shareholder companies.