Guido, I tried yesterday and today (6x) unsuccessfully, to post a comment to the Editorial Board of the Washington Post Opinion Piece posted in the latest hit piece with the evil hedge fund guys narrative, etc. I am trying to post this but am unable to, can you or someone else on the board copy and paste and post it? Or do you think we should edit it some?
I think MOST (if not ALL) of the major dailies keep pushing the narrative that the rich evil hedge fund guys will be the "winners" here, they should know that Regular People, Small Community Banks, Municipal Workers Pension Funds, et.al, have been, as Chief Justice Roberts said, "Wiped Out", by the governments nationalization of two privately owned Fortune 50 corporations.
Here's what I wrote:
If the Separation of Powers Doctrine means anything, it is to protect individuals from the abusive and coercive effects of governmental actions on its citizens. Are you aware of any citizens liberties that have been violated by the 3rd Amendment Sweep and the legally contested 12+ year "Conservatorship"? I and 10's of thousands of Regular Joe's (e.g., Austin, TX Firefighters Retirement Fund, small Community Banks across the USA, etc.) are among those hard working Americans and retirees who have been the victims here.
Why shouldn't the SCOTUS send a powerful message to the Legislative Branch by invalidating HERA in its entirety as a disincentive for Congress NOT to experiment with creating novel forms of federal agencies that can infringe on the Citizens Liberties as is the case here?
If Congress knows they can keep experimenting with ways to decrease Executive Authority over the 4th Branch of Government, knowing that the USSCT will fix their experiments on the American population by simply REWRITING AND amending their Unconstitutional Statutes, why should Congress even bother to follow the US CONSTITUTION?
Unlike Dodd Frank, HERA impacts mostly the gses only.
Lastly, although the gse situation is hard to pick up on the fly, some basic facts should be understood:
1. I think Bill Ackman's (portrayed by Senator Warren and many Media Outlets as the "Evil Hedge Fund Guys"/"Evil Bankster") average cost per share is approximately $4/share.
2. But for, Mr. Ackman, Regular Joes and I and tens of thousands of other shareholders who have had their financial interests, as Chief Judge Roberts said in this case, "Wiped Out", do not have the millions of dollars necessary to litigate a case against the US government, who has virtually unlimited resources, has fought a vigorous defense including but not limited to what appears to be perjury by a high ranking former FHFA official, invoking "Executive Privilege" and "National Security" roadblocks, resisting settling with Plaintiffs, and other bad actor characteristics.
3. The gses federal government regulator stated the gses were in good financial condition a week or so prior to Hank Paulson, who according to Judge Margaret Sweeney, made the gse Board of Directors an "offer they can't refuse!".
4. Jim Parrot (who is apparently advising Joe Biden on housing policy), while working at the United States Treasury (where 99% of their profits from 2012 to today are located) in 2012, emailed his "fellow travelers", that the government will "salt the Earth with their carcasses" and announced the August 17, 2012, net worth Sweep, which is the subject of this litigation.
5. ALL the conservatorships I have ever heard of are temporary and not suppose to last 12+ years, much less send 99% of their wards profits to solely benefit the conservator. Isn't a conservators job to conserve and preserve the assets of its wards?
6. Many regular Joe investors in the gses invested in the gses because they like the Mission of the gses, to help low and moderate income Americans obtain the American dream while ALSO getting a fair return on their shares.
AI
