tag:blogger.com,1999:blog-940142538364421402.post4506798951888211853..comments2024-03-02T02:30:55.592-08:00Comments on Bill Maloni's GSE Blog: All Those Holidays Sound AlikeBill Malonihttp://www.blogger.com/profile/17459277100798719104noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-940142538364421402.post-65442454786526386122014-04-13T09:24:48.442-07:002014-04-13T09:24:48.442-07:00JM--Surely you jest (and no I didn't call you ...JM--Surely you jest (and no I didn't call you "Shirley")?<br /><br />This all is politics, not business or even housing dogma.<br /><br />F&F are systemically very essential (or they would be long gone) but they have no prominent or consistent allies/advocates to fight the fight needed to have their shackles removed.<br /><br />I'll have more in the blog I'll put out tonight, but we just are beginning to see recognition of their utility--especially when compared with the "Rube Goldberg" CWJC operations--and understanding where their opponents may have overstepped. <br /><br />But that will be a long, long process and control in this town is moving right, big time, away from those who might want to keep F&F functioning and away from CWJC.<br /><br />F&F both are useful but reviled, the question (as I've asked for months) is who in Washington will stand up and argue for their release?<br /><br />Sen. Sherrod Brown (D-Ohio) may have been the first prominent voice last week to do so.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-64427662830589919902014-04-12T22:49:58.614-07:002014-04-12T22:49:58.614-07:00So Bill,
Answer me this.
Why haven't Fannie ...So Bill,<br /><br />Answer me this.<br /><br />Why haven't Fannie and Freddie been released from conservatorship?<br /><br />They are stable. They have profits. They have no risk of collapse. They have the full faith of stellar - super management lead by the FHFA.<br /><br />What else do they need to escape their captors?<br /><br /><br />Anon 1. JMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-65985788226166806522014-04-09T12:42:45.071-07:002014-04-09T12:42:45.071-07:00GW----Yes, I did because it is significant and I c...GW----Yes, I did because it is significant and I circulated it today for that reason, to a small list I maintain of key players and analysts.<br /><br />(BTW, I did the same with today's Ralph Nader letter, sent to J and C, today. It too is significant but for a different reason, which I'll mention.)<br /><br />Brown said two things (paraphrasing), "could get out of the committee but won't happen this year," more because of how disparate the CWJC and Ensnarling bills are (forget Waters for a moment).<br /><br />And, he also made that very pregnant comment about F&F, which might begin to open some eyes to that possibility for all of the reasons I and others have been saying.<br /><br />I consider Brown's statement quite significant; others have been saying similar things in lesser forum but he is the most prominent voice to date.<br /><br />As most people know, if the Senate stays in Democrat hands, Brown could be the next Committee Chairman--but hat's a big "if."<br /><br />The second thing--embedded in Nader's letter is more and detailed discussion about the bill's shortcoming and major big bank benefits.<br /><br />As I have ben hoping, when the latter reality fully hits--and Nader does brings PR and attention--I think that will slow this train immeasurably.<br /><br />I wouldn't be shocked if the 4-29 markup date slips and maybe for a while.<br /><br />Again, as I've blog noted, there is a growing amount of Conservative opposition to CWJC and not from back benchers. Cato, Heritage, and AEI are pretty prominent in those circles and they all have turned thumbs down on CWJC.<br /><br />Thanks for the opportunity to expound on these two very recent events.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-260276883021896732014-04-09T08:43:50.086-07:002014-04-09T08:43:50.086-07:00Bill....noticed Sen. Sherrod Brown commented that ...Bill....noticed Sen. Sherrod Brown commented that GSE reform won't make it through (source Bloomberg) the Senate this year and called for simplier (nd more politically palatable) changes to be made. First off, have you heard anything about this, and secondly, what's the 'politically palatable' part refer to in your opinion? <br /><br />Thanks...GWAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-76672943066157361012014-04-07T16:30:52.465-07:002014-04-07T16:30:52.465-07:00Duncan--That why--when working at Fannie--we used ...Duncan--That why--when working at Fannie--we used the phrase "situational allies," because it was tough keeping a coalition together that could agree on a few moving parts, let alone every single issue we encountered.<br /><br />We'd trumpet our agreement, soft peddle our differences and try not to call any attention to that latter fact.<br /><br />But the details become important.<br />Different interests opposing different provisions create congressional awareness.<br /><br /><br />My hope is that the coming group and constituent visits to DC which some are generating--along with more attention to holes in CWJC--will cause some in Congress to reconsider what they would have you believe is set in CWJC concrete.<br />***********************<br /><br />Anon-If there is an April 29 markup, I'll bet there will be additional or more defined, assisted housing (and I have no idea the detail) or what good is it being a D on a Dem controlled committee if you can't support your principles (if not principals!).<br /><br />But, as I've written, the more J-C go in that direction, the less happy the GOP is and they may walk away from the bill, especially when they start hearing, directly, from some of those talking shareholder issues and, possibly, concentration of big bank power.<br /><br />Like so much, when schedules are set, 4-29 might get pushed back if the sounds coming from the committee membership and the Senate leadership are not harmonic.<br /><br />Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-14021179503894928432014-04-07T15:57:54.960-07:002014-04-07T15:57:54.960-07:00Bill the point about how legislators are focused o...Bill the point about how legislators are focused on affordable housing while ignoring the fact that this rolls the red carpet out for big banks and pulls the rug out from the American public is most notable. What the F are these morons thinking? There has been NO offer of middle ground with any legislative proposal yet to speak of which gives me reason to think it will be "all or none". None will win in the end.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-57955058941775177842014-04-07T14:12:04.274-07:002014-04-07T14:12:04.274-07:00Thanks -
Atonement from the politicians- I know y...Thanks - <br />Atonement from the politicians- I know you were a romantic.<br /><br />Kidding aside- various groups are forming, but despite words like coalition, the movement is still fractured and political Jaguars Like Koch are trying to usurp the GSE message for their own anti-gvt agenda-<br />the GSE is for the working middle class- not the rich not the poor.<br />There really are not many Champions for us. <br />Thank you for our effortsAnonymoushttps://www.blogger.com/profile/17112743479264606045noreply@blogger.com