If BIDEN Is eventually and officially enlarged President elect will he have the authority to remove Calabria based on any recent or upcoming court decisions of removal of the regulator

CALABRIA release them now!!!

The ANT ipo seems to be reaching at least 40 billion- no one is fretting about the IPO as being too heavy of a lift.

The current SG is Jeff Wall, he clerked for Clarence Thomas. This will be interesting.

If a Consent Decree is issued who are the signatories. Is this between FHFA and TSY?

At this point I’m not sure a consent decree is the best thing. In my opinion-it blocks the SCOTUS ability to provide damages.

Senator WARNER- We the shareholders are taxpayers.

I do believe that people like Hank Paulson need to be held responsible for this takeover. No matter what SCOTUS or whatever settlement eventually happens- If actors who orchestrated this takeover are not held responsible- it will be repeated.

I don’t know how anyone feels comfortable predicting anything with the GSE.

The question becomes on how CALABRIA and MNUCHIN roll the dice. Wait for the scouts hearing or put this to bed before the hearing?

I believe that most of the Politicians think the GSE are governmental agencies. Stop it already.
Time for RRR.

I have heard that theme for along time. Hopeful that the truth and justice prevails

Most frustrating investment /trade ever. The plain truth is right in front of us...screaming for fairness and justice. Falling on deaf ears.

Pimco wants the status quo as it protects its own interests. Government control and TREASURY backstop makes it assets less risky. They are not at all interested in the rule of law. A convenient CAPITALIST- the folks at PIMCO.

Any chance that the GSE would raise capital through a DIRECT LISTING as approved by the SEC.

True...I think the wind will Shift in a different direction soon.

I respectfully disagree. I think this can move between 10 to15 quickly.

Unless the timing of the release from CONSERVSTORSHIP is the same as the Capital Rule- the release will happen first and the share price will increase leading up to the Rule.

I don’t see how you keep the lid on the pot. This is different than any other stock because they are already hugely profitable. So unless the powers to be do something to jeopardize the health of the twins I find it very difficult to keep the stock price down as positive information starts flowing. Just imo

I just don’t understand how with positive news lawsuits, capital raise and release from CSHIP that this stock won’t move double digits before a re- ipo

If the release from CONSERVATORSHIP happens before the Capital rise- how is it that ROBIN HOOD investors aren’t going to drive the share price up? Am I missing something

Calabria is going to need to do something before the election to keep this process moving forward.
I think it will be difficult to pivot after the election, as WASHINGTON clears out and TRUMP people will be looking for opportunities elsewhere. If BIDEN wins and the pandemic is still in full force we run the risk of a shaky housing market due to high unemployment- we will be nationalized.

IT seemed BOVE changed his tune and completely back preferred when he joined ODEON CAPITAL.
They must have told him to take a preferred position.

Why was there not milestones built into a Government CONSERVATORSHIP that would force the CONSERVATOR to abide by accordingly. E.G; Reach 8 consecutive quarters of positive economic growth and exit CSHIP. Something to demonstrate that a Conservstor can’t go rogue or play a game like Mel Watt, always punting to Congress. The GSE were extremely profitable and viable but were still at risk to run into RECEIVERSHIP because of politics and policy and not fundamental economic health. Me think that this was done purposely.

The absurdity of the status of the GSE and how the NWS is still in place is comical. If it was not for how important these two companies are to a sound housing market, this political football game would be hard for anyone to believe. The Courts have been negligent as they are only willing to this point to dip their toes in the water and hopefully wait for impotent Politicians to get it right. We need the COURTS to be the grown ups and dive into the water and end the NWS with backward relief.

The Trump administration missed a golden opportunity to lift the GSE from indentured servitude to fully operational private companies. This is no longer a OBAMA debacle but a TRUMP debacle.
They could have had a huge Offering of stock open to the masses. Talk about wealth creation.
We now have the possibility of a BIDEN Presidency with the likes of Parrott and Zandi influencing policy.
Shame on MNUCHIN et al.

Another conservative appointment to SCOTUS and FHFA gets rolled up.

The WSJ paraphrased Clarence and Gorsuch . The Constitution, they reiterate, sets out three branches of Government and provides each with a different form of power, legislative , executive, judicial. Free floating agencies simply do not comport with this Constitutional structure.
In the opinion of many the COURT failed on this count. This fault will allow more agencies that do not comport to sprout up.

For sure.

Does SCOTUS have the FHFA in its mirror before the ruling on SEILA. Is Mon the last possible day for a SEILA ruling in this session

It is unfortunate that it took to the closing sys of this administration to proceed with this exit. Moreover- the Sweeney court moving at a snails pace has been very disappointing. If BIDEN gets elected -people like Parrott and Zandi will have a seat at the table-not good - for ending CSHIP.

It’s laughable to hear Zandi and his ilk ( Parrot and Stevens) call for perpetual Conservatorship. I believed we were not Venezuela- having my doubts.

IMO- We will not get the ruling we want in the SEILA case. I think the court will not rule the CFPB to be unconstitutional, but will give the Executive Branch the right to remove the Regulator.

The shock to the system imo- is the Capital Rule reinforces the narrative that the GSE were the biggest and baddest actors during the crisis. We know this is untrue- the Capital Rule would have been more palatable if it represented the truth of what happened during 08-09.

I think it is frustrating for many long term shareholders to see this Capital Rule as what is defining the exit from Conservatorship. It also seems that the powers to be - whether its Senators, Congressman/woman and administration officials always seem pre-occupied with shareholders instead of tackling the problem that corrects an injustice.

The Capital Rule is onerous- but the rule is better than the MEL WATT posture of waiting for Congress- knowing full well Congress was unable and unwilling to do anything. It was a OBAMA position of wait and do nothing.
IMO- I think that the financial people are going to scale back this capital rule. This means more delays and wrangling. The Courts! The Courts! Where are you!! It is still unreal to think of the theft that occurred and the inability to get this correct. It would be nice for the Govt to say-we needed to use the GSE to save the economy during the mortgage meltdown and we need to acknowledge the behavior.

What is the timeline for the Sweeney Court for derivative claims?

IMO- As a common shareholder- i do not believe treating the JPS unfairly translates into a win for commons.
It will result in more lawsuits and wrangling. Mnuchin in 2016 said he wanted the GSE out of CSHIP.
Four years later we are still debating this! I believe Mnuchin is driving the bus and Calabria is taking the orders. This whole concept of the FHFA Regulator as being independent is a crock of you know what. I think this “independent regulator “ is a legal cover to take marching orders without acknowledging that they are.

If you look at last year- when Mnuchin spoke before the Senate and the next day the Third Circuit Court issued its pro plaintiff decision- that was no coincidence. IMO- The Capital rule and the Mnuchin response is a green light to the Sweeney Court to issue a favorable ruling for Derivative Claims. This ruling will alleviate the heavy lifting for a big IPO- and more importantly it rights a very large wrong.

IMO= This is a timing issue - the FHFA/TREASURY see the legal trail and have a sense that decisions that may be coming forward from the Courts may not be in the GOVT best interest. The Shame is the amount of Money spent by Fairholme and others is most likely in the tens of millions of dollars. Also- the GOVT spent tens of millions of taxpayer money as well. This hiring of financial advisors should have happened years ago- it seems to line up with a settlement before the Courts rule in favor of Plaintiffs.