Replies to post #510976 on Fannie Mae-No Politics (FNMA)

[YanksGhost]

But that quote does NOT come from any White House official speaking on the record does it?

This is how fear and mistrust spread. Some Tweet becomes gospel coming from some nobody like Gasparino.

[s404n1tn0cc]

Thanks for the water in the face. The fresh reality check for those "I don't know anything" crowd. More like these truths.. to speaking. The commies let us post bad news on the week ends but never the week days. IMO
Great stuff...

[ano]

first circle information or second

you have the first “Trump Mnuchin, Phillips, Otting and Paulson” circle and then you have the second circle who is not aware of what is a steak and does not know how to solve matters but just keeps repeating the old narrative, indeed the second circle is at war with the first, but the first circle decides, they must be released, chances this goes wrong for the government are 100+% you don’t need a calculator for that and the government knows that, it is unsustainable, and vast costs will come from the inability to act going forward from 2012, they need to fix it before it is too late, this is a very complicated situation the government find itself in, but the cheapest of all is just undoing what they have done, within the next 3 weeks (by the end of march 2019) we should know if they sweep the profit again, or not, my guess is that they will not do the sweep, the government is smart enough to figure they just ran out of time, but that’s just MO

most damaging lawsuits are jet to come if they continue the sweep, if the government does not act now, the pre-conservatorship stockholders will press claims against FHFA that they run the conservatorship in perpetually, and want just compensation of their $80.- stock (or whatever amount they bought it for), a 10+ year conservatorship for a company that IS profitable, is just not something judges can sweep away, the questions presented to judges are too difficult, but ask for 1 question things get awful simple from here, there are so many routes you can tackle this, and the government knows this too, the first priority for the government is to take care of FnF stockholders as we are together with the government the owners of the company (20.1/79.9%), the rest of the reform has to be done thru congress, and they need to find funds to bail the stockholders out or reform in a way that does not harm stockholders but that will take another 20 years or so to accomplish, so for the moment we are good.

"But White House officials say shareholders won’t be the primary concern in the Fannie and Freddie reform effort. Rather, administration officials are seeking to prevent a repeat of the risk-taking activities by the companies that contributed to the mortgage bubble, leading to its 2008 collapse and $200 billion government bailout."

In street jargon, BEND OVER THE TABLE AND DROP YOUR DRAWERS/PANTIES!