One
Man’s GSE Opinions and more
With all due respect to actor Matt Damon and his
performance in the movie “Good Will Hunting,” how do you like
them SCOTUS apples, Director Calabria?
Your seat has to be a little warmer since the High Court
ruled this week you can be dumped by the President (any President).
However, I would advise it’s too soon to burnish resume and
pack your bags, but you might want to accelerate your GSE RBC/Conservatorship
considerations and bend toward those who’ve told you your original language is
too extreme and will drive up mortgage costs for those who most need Fannie and
Freddie support.
Or, you can ignore the political/business realities, try
and promulgate your bad reg, and go down Kamikaze-like appealing to your financial
friends on the Right for your next job.
There are acceptable GSE options for you but will you have
the leadership skill/instinct to find them?
You might still be able to salvage something from this
exercise, if you employ your outside advisors—as well as listen, carefully, to
the investment banks which Fannie and Freddie each hired.
Corona-19
Virus and Putin
[For all of those who have chastised me over my occasional
comments about President Trump’s performance and record, I wanted to share one
more DJT quote for you from Jan. 6, 2020--just six months ago--to show you how
reality-removed he’s been from what’s happening to America.]
The POTUS to CNBC: “We have it (The Corona
Virus) totally under control. It’s one person coming in from China, and we have
it under control. It’s — going to be just fine.”
A hundred twenty five
thousand American deaths and growing numbers later—with the prospect of that
figure doubling—we know, if the POTUS doesn’t, it hasn’t been fine, since he
ignored COVID-19 facts except to cherry-pick items and justify his
anti-science, anti-intellectual, egotistical actions.
He defaulted to individual
Governors for any kind of public health relief. Unfortunately, a number of them
(in Red states) followed their leader and now are paying the price, or at least
their citizens are.
When you readers vote in
November, remember, the dead and sick, the millions of unemployed, and the
wreck our economy has become under Donald Trump.
And don’t get me started
about DJT’s “good friend” Vlad Putin.
Say all you want about Joe
Biden, but he has more integrity in one hand than DJT has in his entire body.
Any US serviceman or woman—plus
their friends and families--should be ashamed to support the guy who refuses to
challenge Russia over reports of the Kremlin paying the Taliban to murder American
and British GI’s in Afghanistan.
Judge Margaret Sweeney
She’s still important, but not
many people know when she was a little girl, Judge Margaret Sweeney was
frightened by a calendar and its many different numbered days. This condition
also is known as “numerophobia” or fear of numbers (often called “arithmophobia”).
Anxiety meds and therapy
often are used by sufferers to get over the condition.
Because of that childhood
fear, today Judge Sweeney chooses to kill off more legal and judicial deadline
dates than her peers, all the while damning the government for the lies it told
and slow walking “discovery” in her GSE case.
Now—a new court decision she
blessed this week—puts us into March of 2021 for the next meeting—or even
later—(expect invariably this time frame will get scrubbed and rescheduled, too,
a legal can too often kicked down the road).
Maloni, 7-2-2020
Maloni, 7-2-2020
Happy July 4 to you all; stay safe.
27 comments:
Excelent
Thanks Anon. I have a "Dr.Fauci photo mask" (actually two of them) and I rotate and wear proudly.
Bill, several SCOTUS rulings that provide hope that all is not lost. I only hope that Justice Roberts will continue to be a voice for social justice in the months ahead. Have a GREAT holiday weekend!
Amadeus thanks for reading and writing.
I was thinking similar things about Chief Justice Roberts and hoping he will shock the nation with this respect for our Constitution, our laws, our ways of life.
Sweeney should be tossed off the Bench for not having setting a final rule on this years ago. Just my opinion (no pun intended).
Last, but not least, what is so hard in believing and trusting our unified goals...”..for the Republic for which it stands, should be for which We stand - a lot to be said for this way of thinking.
Your backing of Biden surprises me.
Some organization ask fro 60 day extension of comment period for Cap rule.
If Calabria reject it, he will end conservatorship this year. Otherwise, not.
You need to stick one of those in your mouth Maloni
He's so anti Trump he would vote for Keyan West if Alzheimer Joe drops out
First Anon--If you are a careful reader, you would note that Biden was not my personal choice, but I will actively support him against DJT, whose behavior and record I consider cancerous.
Name one group or foreign leader he's out-negotiated, despite claiming how brilliant he is?
Look at his COVID-189 indifference and lying and count the dead and dying, as well as the infected.
He is bigoted and a despot. He lies continuously. Read the comments of the multitudes who have walked out of his Administration and him.
Did you notice that the many nations in the world have banned travel from the US??
Feel sorry for those disillusioned souls who do support him in November and the nation, if he somehow wins.
DOJ should ask SCOTUS to expedite Collin case. Major decisions by unconstitutional FHFA will be ratified later or voided.
Dana--
Not important enough for this Admin, unless he sees the (in my view) overwhelming political benefit in doing so.
It's been there for him for two years and still NADA.
Dear Mr. Maloni, we welcome your readers new comments.-
grateful. Atte. Maria
Based on Trump's memo on GSEs,
1. Mnuchin cancels preferred shares, chance 99.9%
2. Calabria issues his final version of capital rule (reasonable or not), 80%
3. Calabria ends conservatorship with decree, 80%
Once these happen, GSEs are on road to full release irreversibly. 80%
If Biden wins,
1. Revise cap rule if not reasonable.
2. End conservatorship with decree if not done yet.
RISKS:
1. US economy is so bad before Nov that GSEs look shaky.
2. Trump gives up candidacy. Another Republican wins White House. And cap rule is unreasonable to potential investors.
Anon--So do I.
***************************************************************************
ANA--
I just shared with Tim Howard my belief that post Conservatorship, MC still will try to strangle GSE management and not allow the two companies to grow and threaten big bank interests.
Calabria is not a GSE fan nor a "houser."
He's a control freak when it comers to Fannie and Freddie.
Gov files a motion in Federal Appeal court to stay all appeals, because SCOTUS will review Collins case.
I believe Mnuchin won't try to settle with plaintiffs before his departure in Jan 2021.
Still, he may cancel senior preferred shares.
ANA--
I agree the GSE problem probably is not on Mnuchin's bucket list.
But anything he does apropos of your suggestion would be welcomed.
Don't worry that MC will drag GSE recap and release.
1. Trump wants to release GSEs. If he is re-elected, MC has to change cap rule to investors' satisfaction, or MC gets fired.
2. If Biden wins, he will fire MC. This has a very good chance.
From your lips....~!
After reading many reviews on the FHFA capital rule for GSEs, I have one word summarizing the 400+ pages:
CRAP!
Tru dat!
Since the 50 BP refi fee is part of Calabria's scheme, I wonder who at the WH objected?????
If you are unhappy with current FHFA director, you vote for Biden. He can end MC's term earlier, soon after SCOTUS decision on constitutionality of FHFA.
Almost surely:
1. Mnuchin will cancel NWS before Jan 2021.
2. MC will leave FHFA in 2020 or 2021. If he issues unreasonable cap rule before departure, next director will issue a new cap rule in 2021 or 2022.
Still likely:
3. MC will issue cap rule and end conservatorship with consent decree.
Where art thou Billy boy? No news good news? Think Trump will overturn election results? Hope so for the sake of the republic.
Какие банки закроются в 2021 году? https://snowcredit.ru/kakie-banki-zakroyutsya/
Time to come back Bill
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