Home Economics Parrot Admits Net Worth Sweet “A Treasury-Driven Process”

Parrot Admits Net Worth Sweet “A Treasury-Driven Process”

Jim Parrott, former economic advisor to President Obama all but admitted in deposition that Treasury and FHFA violated HERA.  It all become pretty simple really. FHFA is the sole regulator of the GSE’s. They are to act at the direction or no one and their sole mission was to return the GSE’s to a “sound and solvent” position. That is it…

Parrott affirmed what plaintiffs have been alleging for years…..Treasury, not FHFA was pulling the strings, FHFA was NOT acting as the sole regulator of the GSE’s and thus both were in violation of HERA. Since they violated HERA, it is time for a trial and the government’s motions to dismiss ought to be ruled against in the courts they are pending.

At some point in August I expect the circuit court to toss Lamberth’s decision to throw the case before him out before he heard a shred of evidence and return to the case to him with instructions (to get his shit together).

Excerpt-of-Jim-Parrott-Deposition

 

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Investors Unite has a good post on this

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Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.

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