Name:	Talullahhound -	Reply
Subject:	Treasury is at it again.
Date:	3/25/2017 3:58:41 PM

As most of you know, I am a retired fed.  So I am on some notifications when the government is about to make changes.  Well, it would seem the Treasury intends to "borrow" money from the G (government securities) fund of the Thrift Savings Plan.  The "G" fund is supposed to be the "super safe" place to invest money.  Ha!!  For me, the TSP was a nice to have and not tied to my pension.  So I put all my money into the Stock Fund and later, some in the bond fund.  But for current feds, their retirement will be directly linked to how much money they have in their TSP (plus SS, and some tiny piece from the goverment).  They get matching funds by the goverhment to their own contributions.  But the point is this, people that don't really understand investing and are scared to take a risk, plow their money into the G fund, and now the government has come for it, just like they "borrowed" from SS (and now always talk about how SS is going broke).  And a huge number of currently working feds are ticked off to the point to where they are going to shuffle their money off to the bond fund or the stock fund, despite the risk, to keep the govenrment from taking what they have worked for and saved. 

Just thought you might like to know what our friendly government is up to.  Because we can't control our debt. 

Name:	GoneFishin -	Reply
Subject:	Treasury is at it again.
Date:	3/25/2017 5:46:15 PM (updated 3/25/2017 5:49:45 PM)

Guess you can thank Trump since it is Trump's nominee running the Treasury. This is just the beginning. Wait until they finish changing Dodd-Frank and elimnate some of the protections for you and me. 

What does the Government currently invest the money? They are looking for money wherever they can find it. 

As to SS, I often wondered where the treasury should invest the money? They loan it to the Government just like China does when they buy Treasuries. The Government pays it back with interest and benefits are paid.

If SS kept it in a lock box, they would buy Treasuries with the funds and the Government would spend the money. The bottom line is the Government will have access to the funds to use, invest, and pay out benefits.

Name:	lucky67 -	Reply
Subject:	Treasury is at it again.
Date:	3/25/2017 6:24:43 PM (updated 3/25/2017 6:43:27 PM)

GF--please enlighten me as to how DF protects you !!! : dodd frank is a beaucratic nightmare , totally out of control;

--take it from my 42 years of mortgage & banking experience & consulting-- borrowers have no idea what it does--but what it does do is : generate huge salaries for CFPB employees ( some secretaries make $100k +; generate confusion & closing delays; ; generate piles & piles of paperwork & regularatory reports for lenders and closing agents; and massive headaches and stress for the good lenders ,real estate  agents , and closing attorneys.

Name:	lucky67 -	Reply
Subject:	Treasury is at it again.
Date:	3/25/2017 6:26:15 PM (updated 3/25/2017 6:39:39 PM)

GF---wasnt the inventor of the INTERNET  the same guy who put all the SS funds into a lockbox ?? probably buried in an eco friendly glacier by now

Name:	GoneFishin -	Reply
Subject:	Treasury is at it again.
Date:	3/25/2017 7:00:53 PM

He is the same guy who they stole the election from, if I remeber correctly.

Name:	GoneFishin -	Reply
Subject:	Treasury is at it again.
Date:	3/25/2017 7:09:49 PM

One biig change as I understand was how an appraiser is selected. The old incest way of the realtor being involved is history. Now, only the lender can select the appraiser. The old way was one of the reasons for 2008 as realtors abused the process. Correct me if I am wrong. 

Name:	lucky67 -	Reply
Subject:	Treasury is at it again.
Date:	3/25/2017 11:34:10 PM (updated 3/25/2017 11:39:19 PM)

yes GF you are 1/2 correct--but the lender doesnt choose the appraiser--its done via a rotation  via a service , created by your federal beaucracy , which adds about $100 to the cost of an appraisal and an extra 14 pages of gobble the appraiser has to complete, & no one understands, ; the lender, realtor, buyer, seller have NO control--as an example, recently an appraiser from HUNTSVILLE called me & asked if i could help him with data//comparables for an appraisal here at lake martin--he was not a member of the local MLS, had never been to lake martin, was going to charge an extra $200 just to come here--but was told if he didnt take the engagement , he would be removed from the "approved" list--now please tell me, if you were the seller & i was the buyer, would you want an appraiser from 300 miles away, who had never been to lake martin, appraising the property you were selling , plus charging you an extra $200 over the going rate ??? good old Dodd Frank--and by the way not all realtors & lenders are incestious--sure there were some bad ones, BUT  Angelo Mozillo, former Chairman of Country wide & close personal friend of both Barney frank & chris dodd ( they both received below market refinance loans with No cost from him) , & the biggest contributor to the meltdown ( Im still working on fraud cases from 2008--2010 that were instigated by Countrywide) is still sunning in a beach chair at his home in Malibu, wearing more gold chains than MR T; so unless youre an expert on Dodd frank, watch out because i have 40 fraud cases im working on that CFPB has done NOTHING about, but they do write lots of memos, take lots of trips, and pay big salaries--do your home work before commenting because I will be writing a book soon on the whole subject-i'll even autograph one for you personally --you will be enlightened as to how the Govt has handled the meltdown & wasted taxpayers Money ( I assume you pay taxes) ==actually FYI, im going to trial next month to testify on a case where the TREASURY paid a large bank lender $168 million on loan modifications--where they took the application , but denied the relief modifications  , which the borrowers fully qualified for--but still got paid anyway & the CFPB  or Treasury ,  did nothing--while the homeowners were foreclosed on

Name:	GoneFishin -	Reply
Subject:	Treasury is at it again.
Date:	3/25/2017 11:48:18 PM (updated 3/25/2017 11:58:32 PM)

"yes GF you are 1/2 correct" That's an improvement for me. WIX, Phil, and Buyeye  are always accussing me of NEVER getting anything right.

We need to get rid of those regulatio in the old days, it was neat to have my realtor select a local drinking buddy to do the appraisal. 

Send me a book when you publish it. I would enjoy reading it. Cheers.

PS Did you watch Oregon....really shut down Kansas from scoring their average of 90 points per tournament game.

Name:	Rich -	Reply
Subject:	Dodd-Frank expose'
Date:	3/26/2017 9:02:28 AM

I finally agree with something GF said. You should write a book on the boondoggle of Dodd-Frank. The press constantly lets the dems refer to it as saving the little guy, HaHa. The truth should be known to the "Masses" or at least the few who want to be informed.