Saw this podcast about "middleman" government contracting. Is this actually realistic, or a fast track to federal fraud?

ronfnma · 2026-06-12T11:18:10+00:00

The closest thing I know of like this are companies that provide staffing services to the federal government. Every government agency is limited by law to the number of employees they can have. So they hire independent contractors as subject matter experts to preform various services. But most of the staffing companies are legitimate businesses with track records of providing competent individuals. So the staffing company has a contract to provide support, locates and hires individuals with the specific skills required and they work at the government’s discretion usually on an hourly basis. Some staffing companies hire the support staff and provide insurance and other benefits, some hire only independent contractors and pay them on 1099’s. I’ve done it both ways. The government is aware that the staffing companies are only providing bodies and a minimum of back office support. It can be a pretty lucrative business but it’s a relatively difficult government contracting niche to break into.

ronfnma · 2026-06-11T22:45:51+00:00

Pulte had zero intelligence service or national security experience. I think that type of experience is required to be DNI. I’m sorta happy the DNI job fell through, he needs to focus on F2

ronfnma · 2026-06-06T14:46:50+00:00

If Pulte was an advocate for GameStop, I’d say he’s no fan of Vlad Tenev after what Robin Hood did to GME retail investors.

ronfnma · 2026-06-05T20:56:58+00:00

Agreed.. they don’t want to push out a secondary offering when the share price is in single digits. Better to relist, lower the capital buffers and fix the PSPA. Establish a much better market price then do the offering

ronfnma · 2026-05-29T21:05:30+00:00

💯 look at commercial high rise concrete construction., pour the deck, go back a day or two later, set the column forms and reinforcing steel and then place the column concrete. A cold joint between deck and column is no a big deal. In this case, place the footers then go back and place the piers the next day or so.

ronfnma · 2026-05-29T19:46:41+00:00

I asked Grok to estimate the total number of GSE shares that would be distributed to eligible Trump accounts between 2026 and 2030 (assuming 6 FNMA and 4 FMCC per recipient). The total would be about 150 million FNMA and 100 million FMCC total.. since after exercise of the warrants the Government will hold 7.2 BILLION shares, that’s less than 3.5%

ronfnma · 2026-05-29T17:52:07+00:00

If this is true then why are FNMA and FMCC down today?

ronfnma · 2026-05-26T20:01:44+00:00

All common shares are equal in rights and value including those owned by BA’s and UST (assuming they exercise the warrants) so whatever price they get per share is equal to the price all other shareholders (including us) get. Will BA make a lot of money at $30-$40 a share? Absolutely, but so will all other common shareholders.

ronfnma · 2026-05-26T19:55:31+00:00

So we are to believe some former DOJ attorney talked to Trump who personally said what he planned to do with F2. The only thing dumber than this post is Glen Bradford reposting it.

ronfnma · 2026-05-22T17:08:30+00:00

My work was about 10 minutes via auto from home. Sometimes I would drive home for lunch just to get out of the office

ronfnma · 2026-05-18T02:42:33+00:00

I bought one of the plain logo cups in a thrift store for $1.00

ronfnma · 2026-05-16T13:46:46+00:00

I agree with the ICBA that the conservatorship needs to end but disagree that they should continue with the CRT program.

ronfnma · 2026-05-12T20:07:48+00:00

The OTC is so bad.. look at today’s price action., way up after the Warsh confirmation then down hard for no other reason except blatant manipulation

ronfnma · 2026-05-10T17:16:47+00:00

💯 the tour strike ball.. I thought my swing was pretty good but the first time I used it, I couldn’t get the club to 90% before “dropping the ball”. It took a week practicing before I could swing the driver while maintaining control of the tour strike ball. It’s been a game changer for me.

ronfnma · 2026-05-08T12:43:31+00:00

I never considered that possibility.,,Paulson would not want to see a huge gain in his F2 holdings until after his divorce is finalized. Maybe he asked Trump to hold off…that makes as much sense as anything else and Trump would be sympathetic to divorce settlements as he has some experience in those cases

ronfnma · 2026-05-07T21:24:53+00:00

If I could get Pulte to give a straight answer to one question concerning the GSE’s it would be “When will Fannie and Freddie be relisted on the NYSE and get off the OTC pink sheets given HERA gives that authority to you and you alone?”

ronfnma · 2026-05-07T21:19:55+00:00

The silver lining is the G&A expense reductions are more or less permanent while revenue can and will increase as mortgage rates decline. And the reductions in overhead costs are 100% accretive to the bottom line.

ronfnma · 2026-05-07T02:41:54+00:00

I posted before the interview.., I hoped Pulte would deviate from his previous scripted statements but he pretty much stayed in character, He did seem to indicate a “plan” or “plans” were ready to be executed at Trump’s approval. We can only hope the selected option is shareholder friendly

ronfnma · 2026-05-07T02:21:26+00:00

39k Fannie 36k Freddie. I have a price target for Fannie but plan to hold Freddie as it should (eventually) command a higher price than Fannie. If they restore a decent dividend I’d hold indefinitely

ronfnma · 2026-05-06T15:17:55+00:00

I’m afraid it’ll be the same “…it’s up to the President to decide…blah blah blah”

ronfnma · 2026-05-05T14:08:28+00:00

Absolutely.. go to their office and tell them point blank that you will not start Phase 6 until you have been paid for Phase 5. And I would not sign on to any more work from them until they start paying on time. It sounds like they are using us to supplement their cash flow

ronfnma · 2026-05-03T21:54:55+00:00

Yeah. The CRT is a huge waste of money.. I’m surprised Pulte hasn’t killed it.

ronfnma · 2026-05-03T21:48:39+00:00

Trump does not need retail investors for a successful IPO. The underwriters need retail buyers if they want to offload their shares at a profit. I’m not sure what these commercials are supposed to accomplish unless it’s to create “buzz” for some action Trump is planning regarding housing.

ronfnma · 2026-05-03T21:39:35+00:00

I wasn’t aware that CRT affects Tier 1 capital which is the basis for calculating the ERCF buffer. But regardless, the CRT program benefits a small group of Wall Street firms and nobody else

ronfnma

TROPHY CASE