The Fannie and Freddie Stakes Are High
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The Fannie and Freddie Stakes Are High
1–10 of 38 posts
Re: The Fannie and Freddie Stakes Are High
#2Paywalled.
Re: The Fannie and Freddie Stakes Are High
#3Re: The Fannie and Freddie Stakes Are High
#4> One possibility here is for the government to cancel its entire $348.4 billion senior preferred claim for the benefit of existing common and preferred shareholders. That is obviously what those shareholders want
It seems the only reason the government should give up ~$28B in revenue PER YEAR for literally nothing is to put the government in more debt and give free money to Bill Ackman.
Re: The Fannie and Freddie Stakes Are High
#5> One possibility here is for the government to cancel its entire $348.4 billion senior preferred claim for the benefit of existing common and preferred shareholders. That is obviously what those shareholders want It seems the only reason the government should give up ~$28B in revenue PER YEAR for literally nothing is to put the government in more debt and give free money to Bill Ackman.
Yeah it would be pretty fucked up if the current administration pushed something that's bad for the US government but very good for some billionaires.
I assume the only reason it hasn't happened yet is that Trump is still figuring out how to tank Fannie/Freddie shares beforehand so he and his cronies can buy them up like they did with the on-again off-again tariff threats.
Re: The Fannie and Freddie Stakes Are High
#6> One possibility here is for the government to cancel its entire $348.4 billion senior preferred claim for the benefit of existing common and preferred shareholders. That is obviously what those shareholders want It seems the only reason the government should give up ~$28B in revenue PER YEAR for literally nothing is to put the government in more debt and give free money to Bill Ackman.
Yeah it would be pretty fucked up if the current administration pushed something that's bad for the US government but very good for some billionaires. I assume the only reason it hasn't happened yet is that Trump is still figuring out how to tank Fannie/Freddie shares beforehand so he and his cronies can buy them up like they did with the on-again off-again tariff threats.
> Yeah it would be pretty fucked up if the current administration pushed something that's bad for the US government but very good for some billionaires.
It's both parties--and it's been this way since the end of the cold war. There's no longer a need to say we're better than the alternative. The dems cancelled student debt--a gift to both debtors in the investor class. Harris's campaign trail housing push was also a gift to the investor class. And the Fed printed $9T while dems were in office.
Re: The Fannie and Freddie Stakes Are High
#7It will be pretty bad for young folks in general if Fannie and Freddie are released from conservatorship.
If anything, they should be dissolved entirely.
Releasing them will create a privatized monopoly and further inflate housing prices. This would be really great news for several dozen ultra wealthy folks, moderately good news for existing home owners, and bad for anyone else.
Re: The Fannie and Freddie Stakes Are High
#8Earlier quoted context omitted.
Yeah it would be pretty fucked up if the current administration pushed something that's bad for the US government but very good for some billionaires. I assume the only reason it hasn't happened yet is that Trump is still figuring out how to tank Fannie/Freddie shares beforehand so he and his cronies can buy them up like they did with the on-again off-again tariff threats.
> Yeah it would be pretty fucked up if the current administration pushed something that's bad for the US government but very good for some billionaires. It's both parties--and it's been this way since the end of the cold war. There's no longer a need to say we're better than the alternative. The dems cancelled student debt--a gift to both debtors in the investor class. Harris's campaign trail housing push was also a…
In your example student loan relief also has a tangible benefit to indebted people. Affordable housing initiatives benefit people who need housing.
Re: The Fannie and Freddie Stakes Are High
#9Earlier quoted context omitted.
> Yeah it would be pretty fucked up if the current administration pushed something that's bad for the US government but very good for some billionaires. It's both parties--and it's been this way since the end of the cold war. There's no longer a need to say we're better than the alternative. The dems cancelled student debt--a gift to both debtors in the investor class. Harris's campaign trail housing push was also a…
In your example student loan relief also has a tangible benefit to indebted people. Affordable housing initiatives benefit people who need housing.
My point was everything the dems do to help out the poor also has the side effect of helping out the investor class. They say they help out the poor, and they do, but they also keep the plutocrats plutocratic.
Re: The Fannie and Freddie Stakes Are High
#10Looking at the graphs of US home prices to buyer income, it would seem something has to give (the value of homes or the value of the dollar). With how leveraged Fannie and Freddie are, the value of their assets would fall considerably if there is a significant disruption in the real estate market.