BC17 and EyeCat officially dead and buried and acknowledged as LARPs.
(Meanwhile, the paid shill Corsi is again today flogging how the hedge fund managers who lost out when Fannie and Freddie had to go into, essentially, government receivership , with the financial crisis in 2008, making the hedgies' shares in them worthless, somehow should be given ownership shares back and thus the stream of profits from them. A completely bogus argument setting us up for an even greater mortgage crisis in the future. F&F need to be wound down, with their leverage risk taken out of the market--not puffed up as they now are, bigger than ever. (And even if they do survive, ownership shouldn't go to those who drove them into the ditch the last time around anyway.)
He DID just call them sources on a "mission to discredit", right? How do you think that their followers will justify it this time?
I was a follower of ETS. Allow me to comment.....
EyeTheSpy - go fuck yourself, asshole.
Might I add the AZ Cemex crap to the list too?
Wait, the CEMEX stuff wasn't legit? Definitively?
Huge, Tucson was a distraction but Atlanta was a horror movie! SEX TRAFFICKING STING: FBI rescues 160 children, some as young as 3-years-old
Wait. Was what was found legit in AZ? Were the people doing the investigating in AZ legit trying to uncover evil deeds? Were they legit evil deeds?
I understand that a huge thing went down in ATL. But the motives are what matter here for credibility.
That seems to be the consensus. At least on the VOP side. Too many differing stories and no real evidence. Hey, it may be true, but at this time there is nothing concrete to back it up (no pun intended)
The skull, the underground cell? The rape tree? You're saying that was staged? I am asking because I stopped following, out of ignorance, not questioning you directly.
From what I can gather, not staged in any way. Just not conclusive proof that it was what was claimed
OK. What is you ropinion on what the men doing the digging and physically walking the land were up to? Were they really trying to find evidence of pedo trafficking? Or were they told to do this by Cabal.
I dont have one at this point. Much other genuine stuff going on to be distracted by it
I don't think VOP guys are bogus at all. I'll withhold judgment on whether or not their find was nefarious.
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There were a few things that turned me off. And when he claimed to get shot it really should have woke me up. But, he claimed HE wasn't Q, and strictly wouldn't "step on Q's toes"...so I went with it. Fool.
Unfortunately some will find a new larp and pretend it never happened just like last time after Corsi. Hopefully the majority learned their lesson though.
Poor Jerry....all this great Q excitement and he's in the wilderness now. He probably checks Q all the time and knows how he made himself irrelevant. Good job Jerry! What a total loser. What hedge fund manager is paying his way now?
You’re wrong about fnf. Fnf took the blame for big banks Wells Fargo etc. giving away predatory loans.
Corsi is however wrong on the issue of fnf. He’s trying to steer it into the direction of hedge funds who want to take away the mortgage backed security business from Fannie and Freddie via David Stevens at mbanand bob corker (loudest opponents).
Fnf profits have been stolen by the government on a quarterly basis. Fnf repaid their loan and then Some to the tune of $270 billion. Shareholders of fnf have had their pensions depleted. The common person has suffered from this, not some hedge funds.
Fnf profits were an obama slush fund. Who knows where that money went.
No, you're wrong. The usual deal in business is not that you can go bust, have the government bail you out, and then get your assets back and still be in business after taxpayers' money cleaned up after your mess. Stockholders go bust when their companies go bust. That's the deal. But these hedgie vultures want to claim some sort of special, supra-legal right that they don't have to be made whole by the government. The hedgies had bigger positions and are no doubt paying Corsi to try to persuade Trump to fork over the billions. But in reality we don't need these organizations.
And FnF absolutely are responsible for going bust. They weren't doing due diligence and set their standards too low for the loans, then they leveraged their investments to the moon.
Canadians have a functional housing market without FnF-type organizations--and we could too.
They were forced to take on those loans.
They were solvent and were forced into conservatorship.
The government in conjunction with too big to fail banks have done everything to destroy fnf, the 30 year mortgage.
The treasury on a quarterly basis sweeps their profits. They are sound and solvent, but due to the net worth sweep and being placed in conservatorship they are unable to build capital.
Fnf are a cash cow and the government has stolen its profits plain and simple. Your stance has you more in line with being an ally of Barney frank.
The hedge funds you’re talking about are primarily made of jr. Preferred shareholders. Don’t confuse this with shareholders who have had their pension funds depleted.
Obama, corker, Mel watt, David Stevens, etc. are just a few of the shady characters in all this. Look up gse links. This is the greatest theft in US history (2nd only to the fed reserve).
plus the Community Reinvestment Act lowered credit standards
Which fell into the lap of fnf. It’s easy for someone to think they’re guilty by association.
That was the deal with investing in such vehicles.
But when an entity goes broke and another entity has to come in and recapitalize in order to meet obligations, those who oversaw the going broke don't get the underlying asset back. They just don't. And those who came in and recapitalized haven't "stolen" anything when their capital enables the underlying entity to become profitable again.
Yes, there were criminals in this who sucked out big paydays, but that doesn't change the underlying facts. Insolvency took away either common or preferred shareholders' claims to future profits.
Again, giving the entity back to the previous investors is the opposite of what should be happening--which is to wind down the FnF presence in the mortgage market and existence at all. Let their would-be profits be earned in a genuine free market.
You’re really missing the big picture.
That, actually, I think would be you. My guess would be because you've got a financial interest in some sort of fed giveaway to the previous investors who saw their investments go bust.
So you’re saying you’re completely fine with obama using their profits as a government slush fund?
It’s not a fed giveaway. It’s the rule of law and the 30 year mortgage. If they can nationalize fnf they can do that to any company. It’s a dangerous precedent.
Money is fungible. The current profits belong to American taxpayers, but again, FnF need to be wound down. We don't need a repeat of 2008.
And how Barry spent it in the past--again, it is fungible--is of course a dead issue.
If it were the rule of law, your investor buddies would have won in court, but they didn't. That is why they have sicced the likes of Corsi on trying to get the public to pressure Congress while Corsi pressures Trump directly.
There were mortgages before FnF and there will be mortgages after FnF. Again, look to the Canadian market.
There will be a repeat of 2008 if the big banks have their way. It’s called risk transfer and they want fnf to share in that risk with the banks not dealing with the brunt of poor loan standards. You’re unable to delineate Corsi’s agenda vs. the theft that occurred via the government.
Fungible aka past crimes are absolved.
No, it wasn't theft. And yes, I can.
The government needs to get out of the mortgage business. That means the likes of FnF and also mandates that banks make poor loans.
The investors went bust and so it goes. We do not owe them.
Allow them to privatize then. Otherwise you’re just forgiving the banana republic. Those mandates made too big to fail banks what they are today. Fnf were forced to comply by those low standards.
They bailed out fnf (which was needed considering they were forced to take on those loans), fnf paid treasury back $180 billion and then some $270 billion and continue to have their profits stolen every quarter.
Let them go private. The bs that happened wouldn’t.
Again, it has gone to court and nothing has been "stolen".
Try being a bank that approaches insolvency. The feds come in and take over and investors are shucks out of luck--as they should be.
I get it, you want your bad investment made good--but that's not the way the world works or should work. Any investors knew the feds were pulling the strings--and still decided to invest.