Fannie Mae: The Government Has Officially Taken Both Sides of The Argument

Fannie Mae: The Government Has Officially Taken Both Sides of The Argument

Fannie Mae

Photo by NCinDC

FHFA is structured the same way as the CFPB.  Ths is ripe that our government is arguing one is legal and the other is not.

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Peter Chapman:

Morningstar Investment Conference: Gabelli Funds On Where To Invest Amid Inflation

InflationNumerous news headlines have trumpeted major concerns about inflation, which has been at 40-year highs. But how should investors handle inflation as it pertains to their portfolios? At the Morningstar Investment Conference on Monday, Kevin Dreyer, co-CIO of Gabelli Funds, outlined some guidelines for investing in the age of inflation. Historic inflation Dreyer started by Read More

In an amicus filing in PHH v. CFBP, No. 15-1177 (D.C. Cir.), today — a copy of which is attached to this e-mail message — the Department of Justice doesn’t support the way the CFBP is structured.  By implication, the Department of Justice would not support the way FHFA is structured.  Our government’s arguments today in PHH v. CFPB do not square with our government’s arguments on a Reply filed on Feb. 27, 2017 — see — in Collins v. FHFA which challenges the constitutionality of the FHFA.

Incredibly, Chad R. Readler, Acting Assistant Attorney General, is the same lead lawyer in both cases!

PHH v CFPB decision

Fannie Mae

Photo by NCinDC

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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 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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