tag:blogger.com,1999:blog-940142538364421402.post4946250943255113091..comments2024-03-02T02:30:55.592-08:00Comments on Bill Maloni's GSE Blog: Bill Malonihttp://www.blogger.com/profile/17459277100798719104noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-940142538364421402.post-4753019882228995512013-06-22T17:09:23.306-07:002013-06-22T17:09:23.306-07:00I've been in San Diego for five days, just get...I've been in San Diego for five days, just getting back today so let me combine two answers to the "will the GSEs survive?" and Mr. Mae's "Barney Frank commentary."<br /><br /><br />Matt Hill's clever work stands on its own heft!!<br /><br /><br />Yes, I thin some part of F&F stick around for two reasons. One Congress is just loathe to do-In anything and there's enough support for Fannie--when there should be tons--to keep it operative in some capacity.<br /><br />But, policy makers are missing out on an opportunity do something quite bold and quite but simple, a GSE financial revival.<br /><br />The evidence and material are there, but not the will.<br /><br />(Note: I just am learning about the Capuano bill--which may be the first federal legislation suggesting a future existence for F&F-- and trying to put it in the practicality continuum. I plan to discuss it in greater detail in subsequent blogs.)<br /><br /><br />I worked at Fannie Mae for 21 year, before there were housing goals and after, including spending major time and effort on the legislation which created the goals.<br /><br />The company's leadership most successful CEO's, David Maxwell, Jim Johnson through Frank Raines, were made for the goals obligations and indeed Fannie intellectually and institutionally took on that challenge and performed against them quite well--even when they were being driven higher from by the Clinton Admin and later the Bushies.<br /><br /><br />We have divisions of employees working on goals business and producing quality loans which seldom failed right up through the 2004.<br /><br />New leadership, who followed the Raines politically driven ouster in that year, didn't not have the same commitment to goals business and--as I written more times than I want--made horrible decisions to buy Alt a--no doc mortgages--and PLS subprime loans, which drained the company of most of its capital when the poorly underwritten mortgage bonds quickly failed.<br /><br />Barney was a Fannie fan and an advocate. I believe the PLS/Alt A follies--which was a naked chase after yield, revenue and market share-- cost Fannie his support and then earned it his animosity.<br /><br /><br />I could be wrong, but I don't think so.<br />Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-35952598330000485152013-06-20T19:34:07.534-07:002013-06-20T19:34:07.534-07:00heh, heh, MoC's as whores. How appropriate.heh, heh, MoC's as whores. How appropriate.Robert Maehttps://www.blogger.com/profile/02644223173141631317noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-49028267550818677232013-06-20T12:19:00.301-07:002013-06-20T12:19:00.301-07:00My experience with a DC area strip club:
- I'v...My experience with a DC area strip club:<br />- I've been one of their best customers for decades<br />- However the relationship soured, seemingly overnight<br />- Whenever going to the club, they constantly whined about and actually blamed me for other patrons ripping them off. They said shet changes now.<br />- They even showed me a bunch of white papers from the American Entertainment Institute, claiming that my actions with non-prime whores caused the whoring crisis. I didn't even spend much time with the non-prime whores and they were fraudulently offered to me under false pretenses.<br />- They started charging me 10% dividends on any ATM withdrawals<br />- To pay for the all the stripper's drug addictions, they implemented a 10bps Weed-fee on any visits to VIP room<br />- Whenever I went to the bar and bought myself a drink, they said I was being selfish with my unfair advantages and crowding out the strippers. They told me I needed to abide by the drink sharing initiative and buy any stripper a drink that felt like I was crowding them out from the bar.<br />- Once I ran out of money I was delisted from the VIP board and could no longer partake in any exchange<br />- Even though I had paid for all the services already, they surpised me with a final bill labeled as a senior preferred companionship fee for any time they had spent talking to me and keeping me company. They said I can't pay it off now, instead they will just continue to sweep all my daily revenue for the rest of my life until they decide to release me.<br />- when I complained about the unjust treatment, they said the only way to fix it was through an act of congress<br />- I told them all the other frequent customers, like Al G, Cici and GiM have never received this BS treatment, they said too effing bad. In most all other countries, whoring is not even subsidized and anywhere else I'd go, I would be effed even more with no vaseline even.<br />- When I talked to my congress rep about allowing me to get out from under this, he just laughed and said you got a better chance on the lottery<br />- When I eventually filed a lawsuit, they told me to SHOVE IT, they don't need me anymore, as there's a new Bill in town to replace me.<br />- They still say they need me as a customer for now. But they want me to help them replace myself by referring new customers. WTF is up with that?<br />- Someone at the club confided in me that most of this could be swept under the rug if I just agreed to change my name to something else. Really, WTF would I go and do that?<br /><br />It's amazing how they can get away with this and the malicious smear campaign against me. I never imagined even the worst of clubs being able to get away with something like this. This is happening here in DC. I think I'd have better luck at a club in Somalia or something...<br />Don't know why I can't just go back to getting my club on. I've been reformed, my personal auditor is always by my side, and I don't even touch that non-prime shet no more.<br /><br />I don't suppose anyone can guess which club it is that I'm talking about?Matt Hillhttps://www.blogger.com/profile/15522057373852681455noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-42889555560795265582013-06-20T11:01:17.093-07:002013-06-20T11:01:17.093-07:00Bill, Do you think GSE will survive in it's cu...Bill, Do you think GSE will survive in it's current form? Sahreholders? Common? Pfds? Would dividend be restored? When do you think this may be released from C-Ship and when may be relisted? Are you lobbying in DC? Thank you in advance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-42893696052662068882013-06-18T20:51:50.469-07:002013-06-18T20:51:50.469-07:00LOL, Moses.
Frank is a metaphor. He, more than an...LOL, Moses.<br /><br />Frank is a metaphor. He, more than anyone else, supported the health of FnF while shoving more and more shit loans down their throats until they broke. Then, instead of admitting his mistakes and damning the govt for its behavior during one of the most obvious bubbles ever, he quits and turns face. And why? Because to claim otherwise would be to admit his incompetence.<br />Robert Maehttps://www.blogger.com/profile/02644223173141631317noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-61364687845449434982013-06-18T20:34:39.995-07:002013-06-18T20:34:39.995-07:00All that I know--according to Mrs. Maloni--is that...All that I know--according to Mrs. Maloni--is that cracked screens on I-phones and I-pads are major deals for teenagers and young people.<br /><br />I hope none of them seek employment at Fannie Mae, when I finally take over!!Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-67225319567158440922013-06-18T19:36:08.614-07:002013-06-18T19:36:08.614-07:00The other day, while I was at work, my cousin
sto...The other day, while I was at work, my cousin <br />stole my iphone and tested to see if it can survive a thirty <br />foot drop, just so she can be a youtube sensation.<br /><br />My apple ipad is now broken and she has 83 views.<br />I know this is entirely off topic but I had to share it with someone!<br /><br /><br />my webpage; website *<a href="http://comparecarinsurancee.com" rel="nofollow"></a>*Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-32693372987202493662013-06-18T10:34:39.431-07:002013-06-18T10:34:39.431-07:00Although I had a decent (relative term) working re...Although I had a decent (relative term) working relationship with him, he was the toughest MoC I ever had to lobby, as well as the nastiest.<br /><br />Personal comment: I am surprised how vehement he's become in his "destroy" (my word) F&F.<br /><br />Giving him the benefit of the doubt, whatever goodwill he may have felt was wiped out by the disastrous and dumb Fannie subprime follies which occurred post 2004, which all was about yield, revenue, and market share.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-49174550946345362132013-06-18T10:10:28.873-07:002013-06-18T10:10:28.873-07:00Barney Frank?Barney Frank?Robert Maehttps://www.blogger.com/profile/02644223173141631317noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-21869313871137586022013-06-18T08:28:45.322-07:002013-06-18T08:28:45.322-07:00Yes and it feels like one of the originals that th...<br /><br />Yes and it feels like one of the originals that the Spaniards brought over in the Fifteenth century.<br /><br />I think I'll start blogging about flower arrangements, which should be more stimulating.<br /><br />Is there anyone in that business or industry I can call %$#^*&??Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-89772813944297966272013-06-18T04:44:14.652-07:002013-06-18T04:44:14.652-07:00Beating a dead horse?Beating a dead horse?Robert Maehttps://www.blogger.com/profile/02644223173141631317noreply@blogger.com