‘Higher Mortgage Costs for Consumers While Enriching Wall Street Investors’
The Trump administration is unveiling a plan to effectively alter the actual structure of the housing market, including drastically reducing the federal government’s role in the housing market and massively slash regulations established in response to the 2008 market crash that caused financial devastation for millions around the world.
Calling it “a sweeping plan that could remake the U.S. housing market,” The Washington Post says part of the plan would end “more than a decade of government control of two massive companies, Fannie Mae and Freddie Mac, which back half of the nation’s mortgages.”
In typical Trump administration-speak Treasury Secretary Steve Mnuchin announced the nearly50 new proposals will “protect taxpayers and help Americans who want to buy a home.”
“An effective and efficient Federal housing finance system will also meaningfully contribute to the continued economic growth under this Administration,” he added.
It’s unclear, also, that the administration’s goal is actually to “protect taxpayers and help Americans who want to buy a home.”
The Post reports that “housing experts have warned that allowing [Fannie Mae and Freddie Mac] too much freedom again could lead to higher mortgage costs for consumers while enriching Wall Street investors.”
The Wall Street Journal’s expert on financial regulation and Fannie Mae and Freddie Mac weighs in, suggesting the administration’s moves may be a bad idea:
The Trump administration outlined what are arguably conflicting goals — shrink Fannie and Freddie while setting up a process to recapitalize the firms, at least partly with new investors. But who will want to invest in a shrinking company? https://t.co/8SdJhMrnNB
— Andrew Ackerman (@amacker) September 5, 2019
This is a breaking news and developing story. Details may change. This story will be updated, and NCRM will likely publish follow-up stories on this news. Stay tuned and refresh for updates.
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What Happens When the Spouse of a Top WH Aide Says Trump’s Actions Are ‘Grounds for Impeachment’ – And Worse?
What happens when the spouse of a top Trump White House aide and former campaign manager takes to Twitter to announce the President’s alleged actions are “grounds for impeachment”?
The spouse in question is George Conway, the noted conservative attorney who could brag if he wanted to about successfully arguing a case before the U.S. Supreme Court that was decided unanimously in his favor.
The top Trump White House aide and former campaign manager is, of course, Kellyanne Conway, whose official title is Counselor to the President.
Here’s what George Conway said just this morning about the bombshell exposé in The New Yorker that reveals, among many other issues, that Trump may have ordered the Dept. of Justice to try to block the Time-Warner-AT&T merger out of hatred for CNN, which Time Warner owns.
“If proven, such an attempt to use presidential authority to seek retribution for the exercise of First Amendment rights would unquestionably be grounds for impeachment,” Conway tweeted.
If proven, such an attempt to use presidential authority to seek retribution for the exercise of First Amendment rights would unquestionably be grounds for impeachment. https://t.co/F1UANzeD2q
— George Conway (@gtconway3d) March 4, 2019
That’s true, but also a pretty big accusation, coming from the spouse of a top Trump White House aide.
So was this: his tweet also Monday morning, saying, “Trump’s approach is to virtually never tell the truth when there is an opportunity to tell a lie, even when the lie puts him at a disadvantage.”
Because Trump’s approach is to virtually never tell the truth when there is an opportunity to tell a lie, even when the lie puts him at a disadvantage. https://t.co/LkVLZsFw4P
— George Conway (@gtconway3d) March 4, 2019
“Sociopaths attract,” was a remark Conway made about Trump and Kim Jong-un just last week. In late January Conway tweeted that Trump is an “inept and mendacious president,” and “Thoroughly and completely” a fraud whose “stupidity knows no bounds.”
Amusingly, late last year just before Trump shut down the government, Conway mocked “the next MAGA rally,” which he suggested would feature chants of, “Build those steel slats! Build those steel slats!”
Conway, as recently as Sunday, has retweeted people saying It’s “impossible” to watch Trump and “think this person is of sound mind.”
What happens when the spouse of a top Trump White House aide and former campaign manager, takes to Twitter to announce the President’s alleged actions are ‘grounds for impeachment’?
Remember that Kellyanne Conway, after successfully shepherding Trump to victory, for months hemmed and hawed about taking a White House job, and did not acquiesce until Trump was inaugurated.
Knowing how Trump despises criticism, it’s remarkable that this civil war is going on inside the White House, and in full view of the public.
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