Royce Blocks Multimillion Dollar Salaries for Fannie, Freddie CEOs
On Monday, the House passed Rep. Royce's legislation to cap the salaries of the CEOs of Fannie Mae and Freddie Mac.The bill will be signed into law soon, reversing the $4 million a year salaries that were previously announced for the leaders of both Fannie and Freddie.
"While this is a victory for taxpayers, the real battle of winding down the Fannie and Freddie to end the government's domination of the housing market remains,” said Rep. Royce. "My ultimate goal is still comprehensive housing finance reform that brings private capital into the system to eliminate the boom-and-bust cycle that wreaked havoc on the American economy and many Californians. This task takes on all the more urgency as Fannie and Freddie slip into the red and invite new taxpayer bailouts."
Where would someone look on 10K or 10Q to see what the capitalization was during a certain point in time? Since Fannie has a track record over a few decades, what was the average capitalization before 2008?
So are you saying 800Million shares for warrants @ $125PPS to reach 100 Billion, leaving 200Million shares to be divided into the 1B shares outstanding now?
So 80% equal around 4 billion shares @ $25 PPS equal 100 Billion. Woould that 100 billion recapitalize Fannie?
No need to worry, a righteous God will sort out the bad actors and those complicit by association that did not intervene against evil wrongdoings.
It took the majority of european descent people to cause irreparable harm to millions of African people and you compare a few token do gooders now. I expect these type of responses from your people, just like I expect a murderer to always say they or innocent.
Diamonds, what about people, I guess they don't count as a resource. That's the whole problem, European descent people don't respect nothing but their greed.
Can you dig up some documents drawn up compelling the GSE's to purchase subprime loans?
A key element in the Weiss – Stegman argument is that the American taxpayer was forced to take over Fannie Mae and Freddie Mac in 2008 because they were about to go bankrupt. Moreover, these gentlemen argue that the GSEs were about to fail due to the greed of their managements and stockholders; a greed which drove them to buy sub-prime, predatory mortgages.
The problem with these arguments is that enough forensic accountants have taken a look at Fannie Mae’s and Freddie Mac’s financials to indicate that these companies were not on the verge of bankruptcy, nor were they insolvent in 2008. Further, the argument that greed drove bad decision making completely ignores the fact that the government mandated that these companies weaken their underwriting standards to increase home ownership among lower income groups.
It is further difficult to understand why Weis – Stegman argue that these companies have not paid the government enough for the help they received or why private shareholders deserve nothing for their investments in these companies.
Another attribute created by white folk is call people names, like the N-word or MORON. Classic racist behavior
You forgot to mention how whites from all the European countries raped Africa for hundreds of years, along with most of the countries in the whole wide world, the devil has been busy
@froscofank2 it was people like you that allowed your people to do their evil for a long time. There is no difference between you and them
After years and generations of lives taken to enrich white folk, they free their slaves without any compensation. Broken families, broken spirits and then hit them with Jim Crow laws, #$%$ and no right to vote. White people have nerve to blame black folk for what they created.
Whites broke up black families, raped blacks, whipped, discriminated, lynched, murdered millions across the Atlantic, killed just about all the Native Americans, stole land, and you compare black violence to white violence. smh
I do think hundreds of years of being mentally abused by white people has taken a toll on black people. I suppose most white folk don't believe what transpired had any effect, that's why they continued their abuse for hundreds of years, no guilty conscious
One hundred years ago we have a terrible case of segregation with black folk feeling the hate from white folk, where do you see that reverse racism today?
During darker times, white folk made sure they had "well seasoned" slaves, meaning they instill enough fear into people that they wouldn't dare rebel. Today black folk aren't like that and white folk can't deal with an unseasoned free black person on the same level as their fellow white counterparts.