tag:blogger.com,1999:blog-940142538364421402.post8875542686168840503..comments2024-03-02T02:30:55.592-08:00Comments on Bill Maloni's GSE Blog: CWJC Gives Way Too Much to the Wrong PeopleBill Malonihttp://www.blogger.com/profile/17459277100798719104noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-940142538364421402.post-57269430918203657522014-03-24T07:00:43.061-07:002014-03-24T07:00:43.061-07:00Congress sometimes (many times) is an ass.
The ba...Congress sometimes (many times) is an ass.<br /><br />The bank forgetfulness--result fo swallowing years of lies and years of big bank money--just means the Hill will be forced to pay another big price in taxpayers money, if this deal ever becomes law and nature (and the TBTF institutions) pursue their naturally course.<br /><br />Hey, those were my digs for 21 years. Not as opulent as they once were, since they squeezed in a bunch of new employees post<br />2008.<br /><br />(Historical fact: Was an old insurance company headquarters when Fannie bought it and Hollywood once considered it as a possible location shot for the movie "St Elmo's Fire," which was filmed partially in nearby Georgetown.)<br /><br /><br />But, don't worry, at two stories high anyone jumping from the roof would survive, unless they landed on the Belgian stone driveway.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-51347463477927845752014-03-24T04:14:44.300-07:002014-03-24T04:14:44.300-07:00So as I understand CWJC, there is renewed opportun...So as I understand CWJC, there is renewed opportunity for banks, holding companies and insurance underwriting to make a killing here. So what is all this talk about "protecting the taxpayer"? The good side of this now Dimon can take his $10 million dollar raise and not have to lay off 7,000 workers weeks later. <br /><br />Bill, how come there is a lot of amnesia out there concerning TBTF TARP fund spending and all the fraud and havoc created from these institutions from the last crisis we still haven't recovered from? <br /><br />One final observation; I've notice whenever there is any story about Fannie Mae there is a picture of the glorious mansion which appears to be filled with opulent offices and overpaid employees. I say those are for a reason and should not be replaced with TBTF like city-center skyscrapers. We wouldn't want the employees to start jumping off the roof like they've been doing at the JPM buildings in London and Hong Kong. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-940142538364421402.post-23529742466347505782014-03-23T19:22:42.584-07:002014-03-23T19:22:42.584-07:00Let me be the first comment in the current blog.
...Let me be the first comment in the current blog.<br /><br />I speculated that real estate sales/listings could be something banks might want to consider, if the FMIC legislation greatly enhances their business.<br /><br />Right now, Bank Holding Companies (BHC) are statutorily prohibited from engaging in real estate activities. <br /><br />But, as with any other matter, a motivated Congress could change that.<br /><br />Before anyone asks, I have no information of bank interest in this matter.Bill Malonihttps://www.blogger.com/profile/17459277100798719104noreply@blogger.com