tag:blogger.com,1999:blog-940142538364421402.post5106531428415416265..comments2024-03-02T02:30:55.592-08:00Comments on Bill Maloni's GSE Blog: Questions, We Have Questions...Bill Malonihttp://www.blogger.com/profile/17459277100798719104noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-940142538364421402.post-22325785197139171882013-11-21T13:30:12.450-08:002013-11-21T13:30:12.450-08:00You all know what I meant, but it should have been...You all know what I meant, but it should have been Ed "DeMarco's" job.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-78978843504021057802013-11-21T12:10:45.132-08:002013-11-21T12:10:45.132-08:00Alert, Alert, Alert!!!
If initial the Senate vote...Alert, Alert, Alert!!!<br /><br />If initial the Senate vote today holds, could be some big FHFA changes coming if Rep. Mel Watt gets Ed Marco's job.<br /><br />I'll wrote more on this in my next blog!!Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-20269528812556328962013-11-21T08:41:23.379-08:002013-11-21T08:41:23.379-08:00Agreed, but both require some control, regulation ...Agreed, but both require some control, regulation or "greater authority" no matter which is employed running a new national mortgage system.<br /><br />Fannie's "skin in the game" kept a lot of systemic players honest (unfortunately, not some Fannie in post-2005)!!Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-69939524406296047032013-11-21T07:27:28.653-08:002013-11-21T07:27:28.653-08:00@ anon 2.22pm
Politics is about power. Not morals...@ anon 2.22pm<br /><br />Politics is about power. Not morals, not principles. So...<br /><br />Not all private capital has been created equal: there's the hedge fund money and there's the bank money. I'll leave the rest to you.I-have-no-bossesnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-60236046245416680742013-11-21T07:20:35.294-08:002013-11-21T07:20:35.294-08:00It might be most appropriate to send our Senator a...It might be most appropriate to send our Senator a lottery ticket for his campaign contribution.<br />I might send one to Warner and one to Corkner!!!Anonymoushttps://www.blogger.com/profile/17112743479264606045noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-83429496628034020062013-11-20T19:50:02.645-08:002013-11-20T19:50:02.645-08:00Anon1, I am inclined to ask, "What do the Bri...Anon1, I am inclined to ask, "What do the British know?"<br /><br />FT always seems so snarky. That publication is not going to decide US housing policy or even mortgage reform issues.<br /><br />*****************************<br /><br />Anon2, I agree with you and was dumbfounded listening to Gene Sperling today describe his concern that F&F going forward (even as Maloni's "Thing 1" and "Thing 2" or in any other guise) would cause the public to believe that they were TBTF and likely to be saved from future travail by the federal government. Ergo, they need to been done in<br /><br />Really, Gene? And the TBTF banks to whom this Administration would give the primary and secondary mortgage markets--and which your current financial regulatory regime cannot keep up with, except after the banks are exposed at one dubious act or another--will be able to oversee all of that new mortgage activity that will fall to the big guys when F&F are abolished?<br /><br />Sperling's thinking seems very circular to me and more designed to justify destroying the GSEs rather than making surefooted mortgage market policy.<br /><br />Loading the banks up with more income generation through mortgage market domination just is not the correct planning.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-21304309303156969182013-11-20T14:22:39.857-08:002013-11-20T14:22:39.857-08:00The D.C. politicians including the Obama administr...The D.C. politicians including the Obama administration are dangerous. They are not making laws for the benefits of the country, but only to grease the pockets of their friends (TBTF banks!)<br /><br />Just look at how absurd their logic is. Let's confiscate the properties of the F&F shareholders (private capital providers/investors) and then ask the private capital investors to invest in a new far-fetched, unproven plan that could derail the whole economy.<br /><br />The TBTF banks destroyed the housing market and the economy by creating fraudulent loans and sold them to F&F, claiming these loans meet the F&F underwriting standards. But the recent payments by the big banks to F&F for these fraudulent loans showed the true reasons of the crash of the housing market. F&F were the contributing factors when they bought the sub-prime securities and loans for their portfolios under the encouragement of the politicians. But F&F are making huge profits now. They have repaid their loans except for $2 billion and continue to stabilize the economy by helping the housing market while being under stricter supervision. Why do the politicians still want to kill F&F and ask taxpayers for more money to fund their new insurance agency which basically is going to need the support form the government if there is a crisis. Is there a secret agenda? Did the government walk away from rescuing GM, AIG and other TBTF institutions? Do the taxpayers gain anything by doing away a potential profit of $200 billion. This so-called housing market reform is full of hypocrisy and thievery!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-64659500386677832292013-11-20T13:47:36.678-08:002013-11-20T13:47:36.678-08:00Here's the latest attack from the Financial Ti...Here's the latest attack from the Financial Times: http://www.blogger.com/comment.g?blogID=940142538364421402&postID=5106531428415416265<br /><br />"A group of activist investors are agitating Washington to privatise their (GSE's) key mortgage insurance functions. Last week they raised their equity stakes in the two enterprises....But a sell-off would make little sense from the taxpayer’s point of view". Why is the FT saying this? Fannie and Freddie have improved their loan quality assessment and business controls, beyond the requirements of banks, mortgage industry and investors. The GSes continue to stabilize the housing market and have almost returned all the money borrowed from taxpayers. As the old saying goes "Dogs bark when they are afraid"Anonymousnoreply@blogger.com