Melt down over POTUS administration possibly releasing Government Sponsored Entities (GSE) from conservatorship.
Stock twits elected the week prior to POTUS's nomination for FHFA director to be voted out of committee to no longer accept messages in regards to the stock. Why is this so interesting? The stocks have been in conservatorship for over a decade. They are also up 166% year to date with a rumblings of being released and uplisted on the NYSE if that does occur. They are fortune 50 companies with FNMA having net earnings of 16 BILLION in 2018.
https://dsnews.com/daily-dose/02-22-2019/the-week-ahead-counting-down-to-mark-calabria-vote
https://stocktwits.com/StockTwitsHelp/message/154719362
https://www.streetinsider.com/Press+Releases/Fannie+Mae+Reports+Net+Income+of+%2416.0+Billion+and+Comprehensive+Income+of+%2415.6+Billion+for+2018/15129929.html
Fake News Senior Corespondent for Fox Business Network, Charlie Gasporino has been burning up his twitter account and the airwaves with numerous attacks of the GSE's. Charlie has went as far as to say the investors in the stocks should not be allowed to make money… Rather wild statement for a panelist on investment programs such as The Cost of Freedom and Cashn' In. Charlie would also like you to believe that banks don't receive special government borrowing rates. An interesting statement when you take into consideration the Discount Window Lending rates.
https://twitter.com/CGasparino/status/1097573509092511744
https://www.federalreserve.gov/regreform/discount-window.htm
Select latest in link below:
https://mobile.twitter.com/search?q=fnma%20from%3A%40cgasparino&src=typed_query&f=live
A greater contrast can be observed in Gasparino's attack on the GSE's vs the Too Big To Fail Banks when you consider that the GSE's have not been the subject of fines where the Large Banks have been fined billions for the actions during the financial crisis.
For more you can read about the contention that the GSE's may have been the victims of fraudulent accounting to make up your own mind in the forensic accounting investigation in the link Three Card Montey Accounting of Fannie and Freddie Conservatorship.
https://www.housingwire.com/blogs/1-rewired/post/34280-the-three-card-monte-accounting-of-fannie-freddie-conservatorship
https://www.housingwire.com/ext/resources/images/A-Forensic-Look-at-the-Fannie-Mae-Bailout-Parts-I-II-III-FINAL-20150616.pdf
http://www.economywatch.com/news/banks-pay-100-billion-fines-post-financial-crisis.26-03.html
To understand the significance of the GSE’s in the American economy and financial health of our nation, consider that in the poorest of our communities utilize the 30 year mortgage to purchase their home. The home is the largest investment/savings for the poor in our nation. As noted in the internal memorandum of the Treasury dated Jan 6th 2011 (pic related) regarding winding down the GSE’s, “it could also lead to increased concentration and would reduce fair access to mortgage credit and the prevalence of the 30-year fixed rate mortgage.”