ZenMode
Legend of ZZL
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Nope. That is a subjective view, also.Except for your craven idiocy...
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Nope. That is a subjective view, also.Except for your craven idiocy...
”… If not done carefully, some worry that privatization could drive investors to demand higher premiums in the mortgage-backed securities market. That would trickle through to borrowers in the form of higher mortgage rates. Pulte and Bessent have said that any privatization efforts would need to take into consideration the effect on mortgage rates.GIFT LINK—> https://www.wsj.com/finance/regulat...29?st=UKqccu&reflink=mobilewebshare_permalink
“In his first full week as head of the Federal Housing Finance Agency, home-builder heir and former private-equity executive William Pulte ousted more than a dozen board members at mortgage giants Fannie Mae and Freddie Mac.
Pulte made himself the chairman of the boards and installed a set of new directors (one of them was Christopher Stanley, an Elon Musk ally who resigned from the post a day later). He removed senior executives at the companies and the FHFA, which regulates Fannie and Freddie. Among those let go was Freddie CEO Diana Reid.
… A proposal floated to the administration last week by a Trump ally laid out how the government could transfer Treasury’s ownership of the mortgage giants to the sovereign-wealth fund that President Trump has vowed to create, according to a person familiar with the matter.
Treasury Secretary Scott Bessent also last week suggested on a podcast that the administration could use Fannie and Freddie for a sovereign-wealth fund, though he didn’t elaborate on specifics.
Countries generally fund sovereign-wealth funds with surplus revenue, but the U.S. runs a large budget deficit each year.
Privatizing Fannie and Freddie, which came under government control after the 2008 financial crisis, could generate a windfall for the government. One proposal circulated in recent months estimated that the privatized entities would be valued above $330 billion, with the government’s stake at more than $250 billion.
Under that plan, Fannie and Freddie would raise an additional $20 billion to $30 billion from new investors, akin to an initial public offering. A raising of that size would put it on par with the largest IPOs of all time. …”
Sounds like a bullshit excuse to me. Erdogan will do what he wants to do; he's never felt the need before to emulate an American president.But in several nations, including Hungary and Serbia, authorities say openly that Trump’s return has helped them serve up what critics say are fresh violations of basic rights. In Turkey, where President Recep Tayyip Erdogan this week detained his leading political rival and dozens of others, advocates see Trump’s influence as an enabling factor. …”
So they probably gave intentionally false info about, say, Musk getting briefed on top secret China war plans (spitballing here), to watch for leaks?