Question for the shorts.... How do you think this is going to play out? Trump, Mnuchin, Calabria, Otting, clearly want to recap and end conservatorship. Generating private capital after screwing all the previous investors over seems unlikely. What about the democrats you say? How about this one
Maxine Waters (JAN 2019)
"Contrary to Republican claims, Fannie Mae and Freddie Mac did not cause the financial crisis. The Financial Crisis Inquiry Commission and others have made that clear. The financial crisis was driven by predatory lending, the private market packaging those toxic, risky loans into securities and then selling those securities to unsuspecting investors. Fannie and Freddie did not drive those actions, but the events that transpired during the crisis made clear the need for their reform. When it comes to housing finance reform, I have advocated for core principles that I believe should be part of legislative efforts to address the future of housing finance reform.
The principles include:
- maintaining access to the 30-year fixed rate mortgage;
- ensuring sufficient private capital is in place to protect taxpayers;
- providing stability and liquidity so that we can withstand any future financial crisis;
- ensuring a smooth transition to a new finance system;
- requiring transparency and standardization in a way that ensures a level playing field for all financial - - - institutions, especially credit unions and community banks;
- maintaining access for all qualified borrowers that can sustain homeownership and serving homeowners of the future; and
- ensuring access to affordable rental housing."
Want more fuel for the fire, just listen to the Collins en banc.
I get my information from .gov sites, records, testimony, balance sheets, actual language of stock certificates and purchase agreements... How do you make up your ideas? or do you just listen to Charlie Gasparino?
