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blmohr
@blmohr
, 4 tweets, 2 min read Read on Twitter
FHFA formally ends mortgage volume discounts from Fannie Mae, Freddie Mac

"Federal Housing Finance Agency Director Mark Calabria recently issued a formal directive to end guarantee fee discounts for high-volume lenders from Fannie Mae and Freddie Mac."

housingwire.com/articles/50212…
"Dr. Calabria served as Chief Economist to Vice President Pence since February 2017. Prior to his work in the WH, Dr. Calabria was Director of Financial Regulation Studies at the Cato Institute. "
fhfa.gov/Media/PublicAf…
Sept. 11, 2019
"...Mnuchin told a Senate committee he wants to reach an agreement quickly w/ the regulator of Fannie Mae & Freddie Mac to allow the companies to keep their profits to rebuild capital–a 1st step in releasing (them) from government ownership.
housingwire.com/articles/50131…
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blmohr
@blmohr
“Brian Greenspun, the owner of the Las Vegas Sun, has sued Adelson in federal court, claiming the controlling shareholder of Las Vegas Sands Corp. and owner of the Las Vegas Review-Journal is trying to put him out of business.” bloomberg.com/news/articles/…
“The past two years, Adelson has halted profit-sharing payments to Greenspun, eliminated joint promotions and has tried to hide the Sun’s content, including political endorsements.”
“...Greenspun said the Sun’s problems escalated after Adelson bought the Review-Journal & redesigned its front page to hide the Sun’s contributions. He said a court-ordered arbitrator confirmed that the Review-Journal had been improperly counting expenses...”
Read 3 tweets
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blmohr
@blmohr
Oh.
Snap Detailed Facebook’s Aggressive Tactics in ‘Project Voldemort’ Dossier apple.news/AdsSID5bhSEqEP…
This could get good.
“Now the knives are coming out.”
“One of them is Snap, where the legal team for years kept a dossier of ways that the company felt Facebook was trying to thwart competition from the buzzy upstart...”
Read 4 tweets
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blmohr
@blmohr
Rahm was named to the Freddie Mac board in Feb. 2000 by Clinton & was there for 14 months.

Sept. 27, 2007
"The SEC today charged Freddie Mac w/ securities fraud in connection w/ improper earnings management beginning in 1998 and lasting into 2002."
bit.ly/2LFygzE
"Its senior mgmt. exerted consistent pressure to have the company report smooth & dependable earnings growth in order to present investors w/ the image of a company that would continue to generate predictable and growing earnings."
"...Freddie Mac misreported its net income in 2000, 2001 and 2002 by 30.5%, 23.9% and 42.9%."
Read 4 tweets

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Karol Cummins
@karolcummins
🌳Breathe🌳

Trump is in his #KooKoo4CacaoPuffs dictator phase & below is why we have the bizarre #SharpieGate:

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Ali Adair #DoTheRightThing🆘 🇺🇸🌎🔥💦🌪️
@AliAdair22
🧵1.1 THREAD—Why Did Jeffrey Epstein Get Such a Lenient Sentence?

*⃣ Part 1—Who is Jeffrey Epstein?
This thread comes after reading over 300 newspaper & magazine articles, law journals, court documents, more than 20 books, several films, videos & docs over the last several mos.
1.2 In light of Jeffrey Epstein's arrest on July 6, 2019 and denial of bail this week, this question becomes even more crucial. Why would federal prosecutors agree to protect Jeffrey Epstein with an unprecedented non-prosecution agreement?
1.3 Labor Secretary Alex Acosta, the man in charge of Epstein's "sweetheart deal" resigned last week.

Why? Over the "furor" of him making this plea deal with Epstein, supposedly.

tinyurl.com/y4xpuq6u
Read 266 tweets
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Tom Paine
@TomPaine1737
A “brief” history of Deutsche Bank scandals, lawsuits & fines. This list is not comprehensive and is stacked with events from the past 20 years, yet it shows a deeply ingrained culture of generating profits with no regard for their customers or the integrity of the market.
1/70
After WW2, Allied authorities determined that Deutsche Bank had actively supported the Nazi regime and maintained close ties to officials like Himmler; and was also been involved in appropriating assets of financial institutions in countries occupied by the Nazis.
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The Allied forces in occupied Germany divided the bank into 10 regional institutions, and then into 3. One each for the north, central, and southern regions of West Germany. The operations were reunited in 1957 and allowed to function under the Deutsche Bank name once again.
3/70
Read 70 tweets
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Headsnipe01
@Headsnipe011
JUSTICE!

The Royal Bank of Scotland Agrees to Pay $4.9 Billion for Financial Crisis-Era Misconduct

@drawandstrike @ThomasWictor @HNIJohnMiller @jihadaeon1 @rising_serpent @_ImperatorRex_ @Debradelai @LarrySchweikart @GodlessNZ @TheChiIIum

justice.gov/usao-ma/pr/roy…
Settlement Is Largest Penalty Imposed On A Single Entity By The Justice Department For Financial Crisis-Era Misconduct
BOSTON – The U.S. Attorney’s Office in Massachusetts announced a $4.9 billion settlement with The Royal Bank of Scotland Group plc (RBS Group) resolving federal civil claims that RBS Group’s subsidiaries in the United States (RBS) misled investors...
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Kyle
@HNIJohnMiller
1) I know I promised a thread on the California economy, but after my most recent argument, I need to give a proper example of how the Fed operates and makes its decisions. As it is relevant to the previous argument, let's turn back the clock to the Fed's dealings with Wachovia
2) That was a bank, not some made up country in the Marvel Universe, btw.
3) Here is the testimony by the General Counsel for the Federal Reserve at the time made before the Financial Crisis Inquiry Commission, a bipartisan commission investigating the 2008 financial crisis and WTF happened federalreserve.gov/newsevents/tes…
Read 51 tweets

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