Replies to post #596560 on Fannie Mae-No Politics (FNMA)

[Patswil]

Astute observation regarding Mulvaney and his abrupt departure

Mulvaney's abrupt departure, when it's obvious that there's a table of negotiation with Fairholme's attorney, David Thompson, and the controversial hedge-fund manager, Tim Pagliara, is a good sign.
Notice that Mulvaney introduced a bill in 2016 that called for the Govt to exercise its Warrant and the recent WH's Budget proposal unveiled on February 10th has the signature of Mulvaney and it contemplates that FnF will continue to pay dividends to the Treasury the next 10 years, and a TCCA fee hike for new loan acquisitions through 2025, with the amount remitted to the UST during the lifetime of the loan. Today, this obligation to remit TCCA fees to UST ends on October 1st, 2021.
So, clearly Mulvaney was a negotiator and we wanted to exercise the Warrant today in a negotiation with the hedge-funds. A devastated man knowing that he wrecked the U.S. economy under more than $1 Trillion annual budget deficits.

[955]

Very interesting development. With F&F dividends included in WH budget proposal for the next 10 years, that pretty much explains why the twins haven't been released yet. THEY WERE PLANNING TO NOT RELEASE THEM. MAJOR DISRUPTION TO THE PROPOSED BUDGET would occur. Could recent court developments have been responsible for Mulvaney's departure as now NWS days appear numbered and quite possibly the return of ALL dividend payements will become reality??? Mulvaney's departure is YUGE as he was Chief of Staff to The President. Could Mnuchin be next?

Mulvaney's abrupt departure, when it's obvious that there's a table of negotiation with Fairholme's attorney, David Thompson, and the controversial hedge-fund manager, Tim Pagliara, is a good sign.
Notice that Mulvaney introduced a bill in 2016 that called for the Govt to exercise its Warrant and the recent WH's Budget proposal unveiled on February 10th has the signature of Mulvaney and it contemplates that FnF will continue to pay dividends to the Treasury the next 10 years, and a TCCA fee hike for new loan acquisitions through 2025, with the amount remitted to the UST during the lifetime of the loan. Today, this obligation to remit TCCA fees to UST ends on October 1st, 2021.
So, clearly Mulvaney was a negotiator and we wanted to exercise the Warrant today in a negotiation with the hedge-funds. A devastated man knowing that he wrecked the U.S. economy under more than $1 Trillion annual budget deficits.