Sunday , October 13 2019
Home / David Stockman's Contra Corner / Here They Go Again! Fannie/Freddie Are Inherent Wards Of Uncle Sam—He Should Keep The Profits Or, Better, Abolish These Government “Bureaus”,

Here They Go Again! Fannie/Freddie Are Inherent Wards Of Uncle Sam—He Should Keep The Profits Or, Better, Abolish These Government “Bureaus”,

Summary:
........are expected to start keeping their earnings as early as this week, pausing a yearslong arrangement in which they handed nearly all of their profits to the Treasury Department. The move, in an expected agreement between the Trump administration and their federal regulator, would be an initial major step in allowing the companies to build up capital so they can operate as private companies again. https://www.wsj.com/articles/fannie-freddie-poised-to-keep-profits-in-an-initial-privatization-move-11569157202?mod=djemwhatsnews

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes The Beginning Of The End—For Wall Street And The Donald, Too

David Stockman writes Pivoting Powell’s Pathetic Attempt At Double-Speak: QE By Any Other Name

David Stockman writes The Donald’s Swiss Cheese Tariff Walls Are Bringing Boom Times To The K-Street Lobbies

David Stockman writes Apex Before The Storm

........are expected to start keeping their earnings as early as this week, pausing a yearslong arrangement in which they handed nearly all of their profits to the Treasury Department.

The move, in an expected agreement between the Trump administration and their federal regulator, would be an initial major step in allowing the companies to build up capital so they can operate as private companies again.

https://www.wsj.com/articles/fannie-freddie-poised-to-keep-profits-in-an-initial-privatization-move-11569157202?mod=djemwhatsnews

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *