Fannie Mae and Freddie Mac regulator discussing plan to end conservatorship. (Catchy headline don't we all agree) but we tell them not so fast buddies...Fool me once, shame on you...fool me twice shame on me!
Let's Digest this article to see if it has information that can substantiate what we are hearing could materialize and become a reality.
The acting director (HERE IS THE FIRST CONCERN - HE IS THE ACTING DIRECTOR, SO HE IS NOT OFFICIAL - WHICH MEANS WHAT EVERY HE SAYS WE HAVE TO FORGIVE HIM AS HE IS NEW AND WE SHOULD FORGIVE HIM IF HE SCREWS UP) of the Federal Housing Finance Agency has told the agency’s employees that the regulator will announce a plan within weeks to take the government-sponsored enterprises out of conservatorship. (OK THEY WILL ANNOUNCE A PLAN. I SEE JUST A PLAN. - IS THIS A PLAN LIKE THE BORDER WALL THAT WE WILL SHUT DOWN THE GOV'T OVER???)
Clarification :acting in a position it can mean that, the position has not yet been formally created, the person is only occupying the position temporarily to ensure continuity, or the person does not have a mandate
Joseph Otting, who is leading the FHFA as Mark Calabria awaits Senate confirmation, said at an all-hands meeting on Thursday that a plan (WHAT IS THE PLAN - WHY WE HAVE'T HEARD ABOUT IT YET??) - OK LET ME BE FAIR - GIVE THEM TIME TO SHARE IN THE NEXT FEW WEEKS - IN THE MEAN TIME, LETS PUMP THE PRICE AS HIGH AS WE CAN FOOL NEW INVESTORS...THEN DROP THE B-MB WITH A SHITTY PLAN AFTER WE CASH OUT AT A PROFIT). to lift Fannie Mae and Freddie Mac out of the conservatorship that has permeated the institutions since the financial crisis will soon be announced, according to an attendee of that gathering.
AHA - HERE IS THE MILLION DOLLAR SENTENCE.
A spokesperson for the agency confirmed there was discussion about ending Fannie and Freddie conservatorship but denied there was any talk of timing or details.
THANK YOU TO THIS HONEST SPOKES PERSON.TELLING THE TRUTH.
“Acting Director Otting held the internal meeting to meet FHFA staff and establish open lines of communication,” the FHFA said. “He mentioned, as he previously has, that Treasury and the White House are expected to release a plan for housing that will include details about reform and will likely include a recommendation for ending Fannie Mae and Freddie Mac conservatorships. - (WAIT A SECOND - IS IT ABOUT REFORM AND 100% SURE TO GET THEM OUT OF CONSERVATORSHIP, HELL NO!!! KEY WORD USED - """LIKELY""". [Treasury] Secretary Mnuchin has said that the goal of the [Trump] administration is to take the GSEs out of conservatorship. Acting Director Otting said that he and FHFA will work to advance that plan.”
AGAIN - KEY WORD "THE GOAL"...SOUND LIKE THE GOAL TO BUILD A WALL TO PROTECT THE COUNTRY. THIS IS SO FUNNY - WE FOCUS SO MUCH ON THE OUTSIDE VS SAYING LET'S START BY TEACHING OUR OWN PEOPLE FROM THE DAY THEY ARE BORN THAT DRUGS, PILLS AND ALL THIS CRAP THAT WE HUMANS CREATED IS BAD FOR YOU - FROM THERE ON NO MATTER HOW MUCH DRUGS COMES ACROSS THE BOARDER THERE WILL BE NO MARKET FOR IT, END OF STORY. - SAME THING WITH HOUSING...EVERYONE WANTS A HOME THEY CAN'T AFFORD, THEY KEEP LIVING ABOVE THEIR MEANS AND WHEN THE RECESSION HITS, PEOPLE LOSE THEIR JOBS AND HERE GOES ANOTHER CRISIS. THE RICH COME IN AND SCOOP EVERY THING UP...AND THE CYCLE HAPPENS AGAIN.
Fannie and Freddie were rushed into government control at the height of the financial crisis. Then, in 2012, the terms of the 2008 bailout were amended to steer the quarterly profits of both enterprises to Treasury. That wiped out holders of the companies’ stock, and they’ve fought the federal government in court ever since.
Congress has made several attempts at reform, but has not succeeded. As previously reported, the business-friendly Trump administration has been expected to find ways to work around legislators.
ARE WE GOING TO BUY THIS FOR ONE SECOND. TRUMP IS SUPPOSED TO FIX IT WHEN HE RAN EVERYONE OF HIS COMPANIES INTO BANKRUPTCY.
Once the Obama appointee Mel Watt, who ran FHFA until early January, departed, and Otting was appointed, the path cleared. What makes these efforts unique is that the White House seems to be determined to go it alone without Congress’s help.
Here is another big one that tells us in advance this this headline above is already a failure - why? look at the key word below " PRIVATE EQUITY" - THE BANKS ALWAYS SAID THANKS BUT NO THANKS. SO WHO THE HEDGS FUND GUY WANTS TO BUY THEM FOR $50+BILLION. THEY WILL NOT LET HIM HAVE IT.
In a key speech outlining her priorities, House Financial Services Chairwoman Maxine Waters, the California Democrat, said she would support housing finance reform that included “core principles” such as maintaining access to the 30-year fixed rate mortgage, ensuring sufficient private capital is in place to protect taxpayers and providing stability and liquidity to withstand any future crisis.
So please everyone before you fall victim/s to whomever is trying to pull a fast one on us here...let's tell them we don't want to be rich...we would rather keep what we have then fall victims to your scam.
Let's wait and see, do not rush in on Tuesday thinking you are going to miss the boat ( they are going to attract you but raisin g the price on 100 shares per cent up - Don't be fooled)...the hell with the boat. The last boat fired all of its engines 5 years ago only to stay at he port for 5 agonizing years.
Hope this helps. No hating on Trump...just don't trust any more...
GLTA!
Crawford.
