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Mark Calabria
27.9K posts
- One of the many great things about Gorsuch is his ability to articulate how it’s the little guy that gets regularly screwed by bureaucratic discretion
- Elizabeth Warren on school vouchers in 2003, politics can have a funny impact on people
- Reminder that the CFPB is NOT a Wall Street regulator (such remains with SEC/CFTC), it is a Main Street regulator
- A big thank you to everyone that helped make this happen, I'm so humbled and grateful
- Fannie/Freddie should be released from conservatorship because that’s the law, it’s really not any more complicated than that…and it’s not a “difficult” or “complex” process, it’s fairly straightforward
- As a former regulator, I never once had to rely on Chevron, it’s actually not that hard to read the statutes and just simply follow the law
- Go get ‘em 🔎🔦🧹Lies on mortgage applications and fraud in general are big problems
- There were around 7,600 banks when Dodd-Frank was passed, now there are around 4,500, Dodd-Frank & the CFPB have crushed community banks and driven more and more banking into the MegaBanks
- The notion that Fannie & Freddie leaving conservatorship would raise rates by 100 basis points is not even close to serious, just an insane claim - spreads were actually lower pre-conservatorship
- Most of the opposition to ending Fannie/Freddie conservatorships is coming from entities that view the conservatorships as their avenue to robbing the taxpayer
- Some career news - will result in less time on social media - White House Office of Management and Budget Announces Incoming Senior Appointees – The White House
- Reminder that releasing Fannie/Freddie from conservatorship isn’t “reform” or “radical”, it’s simply following existing law
- View from the new office - was almost nice enough today to enjoy the balcony
