That’s a great overview-thanks. We hope that Bessent can and will continue to work on His side for the President to do what He intends regarding the re-listing and ending the CONservatorship for F&F.
Just up-listing the GSE would help many long time investors add to the economy
It is unexpected but really National Security and F2 go hand in hand. The GFC destroyed the US Housing Markets and the US Governments role in the cause of the GFC and possible Wall Street collusion with the US Government has not been completely disclosed.
Small financial institutions across the US were destroyed by F2 JPS losses due to the Conservatorship - and billions of JPS were sold to these same institutions just months before the Conservatorship.
Check out what happened to Mike Kelley at First Bank of Oak Park near Chicago - he was vital to the construction and mortgage market in the South and West sides of Chicago and near suberbs- a real life George Bailey.
The National Economic Council and US Treasury was two faced and let these JPS be sold without disclosing that the NEC and UST were advocating for the collapse of F2 as early as March 2008 when Jason Thomas - the Special Advisor to GW Bush predicted that F2 Shareholders would " be wiped" in a For Your Eyes Only Memo to UnderSecretary of Treasury Robert Steel.
https://t.co/w59PIqKkJt
This Memo was intentionally leaked by the NEC to Barrons over the weekend of March 8th and led to the collapse of Bear Stearns the following Friday.
🚨 JUST IN: President Trump names FHFA Director BILL PULTE as Acting Director of National Intelligence, replacing Tulsi Gabbard for now
Pulte has GONE AFTER people Letitia James and Adam Schiff for fraud in recent months
"William has deep experience managing the most sensitive matters in America, the safety and soundness of the Markets, and over 10 Trillion Dollars at Fannie Mae/Freddie Mac, a substantial increase from where it was just 12 months ago."
"During this period, he will remain Director of the Federal Housing Finance Agency, and Chairman of Fannie Mae/Freddie Mac. Congratulations to Director Pulte!" @pulte
@EricLDaugh@MampillyGuru It’s past time ignoring the elephant in the room. It’s time to acknowledge the rights of Fannie Mae and Freddie Mac Shareholders - it’s time to rebuild trust and restore fair trading.
When will the TRYS re-list the GSEs and set a timeline to end the 17 year CONservatorship?
@World_21m As usual, markets up and these stocks refuses to follow the markets.
How many folks would like for the president to have a serious conversation with this FHFA Director, the Treasury Secretary and update everyone about His plans for release?
@Jhonffonseca Yet, it’s been five years of his Administrations and yet can’t up-list the GSEs (off the OTC) to make a move towards ending CONship. He had a lot of great minds working on housing and the GSEs in His first term - why can’t Treasury uplist?
@SnagsLewis1978@GuidoPerei@pulte 87,336 is listed as employees at Treasury - why can’t Treasury get the GSEs off the OTC and up-list them to the main trading board.
It’s been 17, going on 18, years of the GSEs (tax-payers and shareholders) that the monster FHFA and Treasury continue to play games on release.
@World_21m@MariaBartiromo Why not have Him say ‘options are on the table and it’s up to the President to decide’? Again, Maria and this Administration has not followed thru on accurate and responsible reporting and responsible Government action. It has been 17 1/2 years waiting for responsible action.
@Fanniegate101@pulte Excellent post! Did the President, Cabinet and Administration lie to Shareholders (whom are tax-payers) about uplisting the GSEs and moving them towards release from Conservatorship?
The Govt stands to make more money in revenue by getting the GSEs to the main boards (from OTC)
@MrTucker2u@MampillyGuru That’s a great question:
- monies taken at the time of CONship
- monies taken via intrest rate on forced loan
- monies taken via net worth sweep
- monies taken via bank fines on fraudulent MBS sold (negotiated fines paid were pennies on the dollar and did not go back to GSEs)
@GuidoPerei@POTUS@pulte@SecScottBessent@howardlutnick@RepMeuser@BillAckman When will government lift its knee off the necks of Shareholders by up-listing the stocks off the OTC? Is it just for ‘fun’ that the President hasn’t mentioned the progress being done towards the release of the GSEs? It’s been two terms of waiting for this President to commit.
@Tickerwire Let’s not forget the banks that settled pennie’s on the dollar for the bad MBS Loans that tanked the economy and put the GSE shareholders in c-ship for going on 18 years.
What about those Shareholders who trusted the Government to act?
Up for re-election (11/26)? Good luck.
@TRothell62855@RepFitzgerald If Congress, Treasury, HUD and FHFA can’t show teeth, We believe the President has thoughts on any stall tactics.
The President has made his intentions clear in His letter about fixing and undoing the 17 1/2 year injustice towards tax-payers and shareholders alike.
@MichaelHal54147@pulte@SecScottBessent@howardlutnick@MariaBartiromo@FMCC How many elected/appointed officials collected a paycheck, instead of helping end the CONservatorship?
How many Shareholders have passed waiting for justice?
August 2023, a Jury of 8-0 found that FHFAacted improperly by breaching its contract with shareholders.