John Quinn

@PattyMurray If the government stopped the fraud it would be funded for many more years to come.

If you make under $184k, you pay a 12.4% Social Security tax rate. Everything after that cap is exempt from the tax. So if you make $1 million per year, you pay about 2.2%. And it's 0.002% for billionaires. If we lifted the cap, Social Security could be funded for decades.

@4TaxFairness You cannot tax yourself into prosperity. It has never happened. You can grow your government so big that you collapse your economy. You can also regulate yourself into oblivion and wonder why life sucks. We are well on our way of giving up all our freedoms.

Want a better economy? Tax the rich.

@4TaxFairness The government already takes too much money from the citizens. Stop the fraud and stop spending on useless shit.

99.85% of us are worth less than $50 million. There is no reason the 260,000 households with more than that can't pay a 2% wealth tax. Our tax code has thrown money their way for 40 years. It's time we tax the rich and fund housing, childcare, education & paid leave instead.

@MaxMMillerAT You can’t tax your way to prosperity. Many countries have tried and they all went broke.

Every patriotic American should be behind this.

@SenWarren Stop all the fraud. You already take more than enough money from honest citizens.

Today, I'm introducing my wealth tax — and more than 50 members of Congress are joining me. It’s time for the government to start working for American families, not just the ultra-rich.

@dayetweets Hell…cancel the warrants too.

$FNMA & $FMCC have repaid taxpayers $301B+ on a $191B bailout (11%+ IRR) yet they're still trapped in conservatorship. End it now: •Cancel the senior preferred & release the GSEs. •Let the Treasury monetize warrants for a massive windfall. This is pro-taxpayer, pro-housing, pro-America.

@ben_franklin_x @realDonaldTrump @pulte @BillAckman @michaeljburry Obama is a thief and stole from a private company to pay for his pet project and complete disaster ACA.

The 30-year mortgage rate just hit 7% again Obama was right to keep $FNMA $FMCC in conservatorship #F2 going to ZERO @realDonaldTrump @pulte @BillAckman @michaeljburry

@danielsethlewis @DoNotLose @HettyGreen2020 @CedarStResearch @vishal_better @BillAckman Your post is crap. 2F has paid all the money back and over a hundred billion extra. This is government theft at its highest.

@BillAckman $FNMA pitch that "government SPS has been repaid" isn't worthy of a 1st year analyst. it cannot be repaid. its never been repaid. I am howling at his attempt to froth retail as a lobbying gang. there are arguments to distribute value to F2 jr securities, which is just subjective. but the argument that people 'wont invest in American financials' is even dumber when you think about COCOs, T1, T2 or Chrysler or the SNL/Goodwill cases. there is a great case to leave F2 as is to maximize its position as a tool for housing policy with no other stakeholders that count. But handing 20% of the common to a bunch of hedge funds -- is a handout. Completely unnecessary if the goal is to exit conservatorship. Hand the old common 3% like it's Saudi Aramco if thats the plan.

Humbling when I miss stuff March 16 $BETR fired Deloitte, its auditor since 2020. Replaced by BDO. Hm 8k looks typical. Usually the reason is the auditor is an idiot or parties have a reasonable difference of opinion. It gets investor attention though sec.gov/ix?doc=/Archiv…

@timpagliara @Obamaisathief @jwaske3 @Eleanor_Mueller They are worth a lot more than that if we can keep the government from stealing.

@Obamaisathief @jwaske3 @Eleanor_Mueller I believe the commons will IPO at $10-$12. I believe these are great companies. Properly Regulated and managed as publicly traded companies they could be worth 800 billion to 1 trillion in 6-8 years.

Tim Scott tells me he doesn’t expect the Trump administration to begin the process of taking the GSEs out of conservatorship until after midterms. “The president said that he's going to take it out of conservatorship, put it back into the market; I assume that he meant after the midterms. Because frankly, it's nearly impossible for us to get there.”

@DoNotLose Forgive??? They’ve been paid back and then some. They have stolen Billions.

i still dont understand why they would ever forgive snr pfds. you can actually copy past ackmans plan, and replace forgive snr pfds w/ convert. and it would have no effect on outcome other than more money for uncle sam.

Chuck Norris held a 183-10-2 record and was a 6x world champion in full contact bare knuckle karate. On top of that, he beat heavyweight kickboxing world champion Joe Lewis 3 consecutive times and also had a brutal sparring match with undefeated kickboxing world champion, Bill Superfoot Wallace, that lasted an hour and a half. According to Wallace, they practically stalemated and "beat the crap out of each other". Chuck was trained in kickboxing/boxing by Benny The Jet Urquidez and was also trained in BJJ by the Gracies and Machados for 20 years. Even being able to submit Carlos Machado himself on occasion. Chuck had a 315 Ibs bench press at 180 lbs bodyweight and was said to have a grip back in the day that nobody could escape from because he was so strong. Even Jean Claude Van Damme said he'd never fight Chuck Norris, despite being a kickboxing world champion himself. Chuck held a 10th degree black belt in Chun Kuk Do, a 9th degree black belt in Tang Soo Do, an 8th degree black belt in Taekwondo, a 5th degree black belt in Karate, a 3rd degree black belt in Brazilian Jiu Jitsu and a black belt in Judo. Rest in peace, Chuck!

@pulte Please release the Twins

Fannie Mae and Freddie Mac Remove Certain Homeowners Insurance Requirements That Will Reduce Costs: fhfa.gov/news/news-rele…

@pulte Please release the Twins.

US Federal Housing FHFA plan renews its effort to grow counterparty oversight: nationalmortgagenews.com/news/fhfa-plan…

@SaraForTexLege You are a freaking liar.

@PressSec Free the Twins. 2F.

🚨TODAY: Trump signs executive orders aimed at home affordability apnews.com/article/trump-…

@pulte @ethan2369 Please release the twins

Mortgage rates are down. Inflation is down. Spring selling season is upon us. Fannie and Freddie employees are in the office. The businesses are more efficient than ever. The teams are focused on ROE, and generating returns, like a business should. Thanks to President T!

@seaurchincevice @DoNotLose @jcamp4real @SecScottBessent @howardlutnick @pulte That is theft. They’ve been paid already.

@jcamp4real @SecScottBessent @howardlutnick @pulte The market is pricing in the most probable scenario the SPS is converted to common.

$FNMA & $FMCC are now trading lower than on the Monday following Trump’s inauguration. All the publicity from @SecScottBessent @howardlutnick and @pulte has been for naught. The market thinks ALL their promises & plans were bullshit, lies, or unserious.

@HoldenWalker99 They are private companies that can easily be released. Stop the theft of private property.

Releasing Fannie & Freddie really doesn't help reduce mortgage rates or spreads or help housing affordability. Anything that the GSEs can do outside of conservatorship, they can do (better) in conservatorship. If the administration is "laser focused on housing," they'll likely wait - let the GSEs buy/retain $200B+ MBS over the next 6-12 months, see what the Fed does under new leadership and how that impacts rates and spreads, see what the 21st Century Road to Housing bill does, etc. At this point, they can't risk to do it sooner in case things goes awry, especially with dumbass Pulte leading FHFA. If all of this actually helps housing affordability in the next 6-12 months (or even if it doesn't), that's when they likely follow through with the release the GSEs and celebrate their $300B+ taxpayer windfall. Feedback welcomed... $FNMA $FMCC $FNMAS $FMCKJ

@g_buckman @Eleanor_Mueller Absolutely agree. The idea that it has to take months or years to release is a bunch of bullshit. It was put into c’ship virtually over night.

How so? The GSEs were put into c'ship in a day or so. Taking them out is nothing more than amending the contract that was used to put them in c'ship. I know there should/would be a lower (a more financially accurate) ERCF at 2.5% total, but that can be expedited somewhat quickly, as well. All of the necessary levers can be pulled much faster than many think—it's mostly contract work and requires nothing from congress.

@pulte Release the Twins

MORTGAGE RATES ARE IN THE 5s! THANK YOU PRESIDENT TRUMP!