GSEs will be here for years to come

first_imgShow Me The Money!The NCUA chalked up two more settlements in its lawsuits against investment banks involved in the sale and underwriting of the mortgage-backed securities purchased by the failed corporates. NCUA announced that it reached settlements with Barclays Capital ($325 million) and Wachovia ($53 million) to settle claims about their underwriting activity.  NCUA says it has now obtained over $3 billon in settlements.Housing Reform is DeadThe Obama administration virtually assured yesterday that housing reform is going to be the next President’s problem.  For credit unions, this is a good thing, at least in the short to medium term.  It also speaks volumes about just how messed up – dysfunctional is too kind at this point – our political system has become.Since it’s been a while since I talked about housing reform, let me get you up to speed. When Fannie and Freddie were taken over in 2008, causing the first tremor of the mortgage meltdown, they were placed in conservatorship under the supervision of the newly created Federal Housing Finance Administration.  They were nationalized.  The government brought slightly less than 80 percent  of their common shares. continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Dodgers’ Mookie Betts cherished family time, stayed in shape during quarantine

first_imgLOS ANGELES >> Like a lot of us, Mookie Betts tried to find the silver lining in his quarantine time.“It kind of gets overlooked, but those three months were probably the best three months of my life as far as being able to get really close to my daughter and family,” said Betts, ‘girl dad’ to a 20-month-old daughter.Besides the family time, Betts used the quarantine down time to lower his golf handicap and do a lot of fishing. He did not spend a lot of that time in a batting cage honing a swing that has produced a .301 career average and 139 home runs in six seasons, the last four of which landed him All-Star recognition and one American League MVP (in 2018).“To be honest, I stayed in shape, working-out wise,” Betts said. “But honestly, I just didn’t didn’t do a whole lot of baseball activities. I didn’t want to overwhelm myself, hitting in the cage and getting deep not knowing when the season was going to start or even if it was, not having a start date. NOTESDodgers manager Dave Roberts acknowledged Monday that Gavin Lux and Pedro Baez have not reported to camp. He would not say why. Kenley Jansen and A.J. Pollock have also not reported yet. … The Dodgers’ third pick in this year’s draft (a competitive balance round pick acquired from the Minnesota Twins), Texas Tech right-hander Clayton Beeter, has agreed to a contract for a reported bonus of approximately $1.2 million. The Dodgers have now signed all six of their picks from this year’s draft. SOCIAL CONSCIENCEAs one of the most prominent African-American players in the majors, Betts said he wasn’t impressed with MLB’s response to the Black Lives Matter movement and protest movement for racial justice.“I think baseball did not do a good job of that,” Betts said. “But I think voices were heard and that’s the main thing, that we get our voices heard and to make some changes.”Betts said he sees his mission as a Black baseball player is to help reverse the declining participation among Black athletes. Last year, only 7.7 percent of the players on Opening Day rosters were Black, a far cry from the 18.7 percent as recently as 1981.“I think it’s more of a personal thing that I have to bring baseball into Black  communities,” Betts said. “Obviously MLB can help but I think it’s on us as Black players to bring it to Black communities and kind of make baseball cool because that’s where it’s been disconnected.”NELSON OUTRight-hander Jimmy Nelson is scheduled to undergo lower back surgery Tuesday and will not play this season. The lumbar procedure will be performed by Dr. Robert Watkins in Los Angeles.Nelson was unable to throw for much of the original spring training session after being signed to a one-year deal as a free agent last winter. His contract included a club option for 2021 that could have changed to a mutual option if he had met some incentives.Related Articles Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco “I didn’t have a load of confidence (about the season) starting. I didn’t want to drive myself crazy during those three months. So I just stayed away from baseball.”Betts could have driven himself crazy thinking about the ramifications of the pandemic and an abbreviated season on his own future. The 27-year-old turned down a contract extension offer for $300 million, leading to his trade from the Boston Red Sox to the Dodgers and cementing his status as the leading man in next offseason’s mega-millions market. Now, he will have just a 60-game season to use as a launching pad into free agency — where a season of decreased revenue could make teams less willing to make big-money investments.“Free agency is on the back burner. That’s nothing that I’m thinking about right now,” Betts said, adding that health and safety issues were more front of mind now.“There’s just a lot going on that needs to be addressed and free agency is not one of them right now. That’ll come. … I don’t regret turning that (extension) down. Once I make a decision, I don’t go back and question myself. So I don’t worry about that. The market will be what the market is. We’ll just kind of cross that bridge when we get there.”Betts admitted that he “had my doubts” at times during the quarantine that he would ever wear a Dodger uniform in a regular-season game. With positive coronavirus tests throughout the majors and testing problems forcing multiple teams to cancel or alter workouts the past few days, Betts said he is still not sure the sport will get through even an abbreviated season.”I can’t say I’m that confident because I haven’t been shown yet,” he said. “There’s not really a whole lot I can do. It’s kind of out of my control. It’s in somebody’s control and whoever controls it has to make it work.” Dodgers hit seven home runs, sweep Colorado Rockies center_img Cody Bellinger homer gives Dodgers their first walkoff win of season How Dodgers pitcher Ross Stripling topped the baseball podcast empire Newsroom GuidelinesNews TipsContact UsReport an Error Dodgers’ Max Muncy trying to work his way out of slow start last_img read more

Lakers’ Roy Hibbert believes he will overcome early conditioning issues

first_imgBut despite finishing last in the conditioning drills that were open to reporters on Wednesday, Hibbert still argued he’s “doing all right.” After losing 15 pounds of fat and changing his diet this offseason, Hibbert maintained his investment will soon net some long-term gains. “I don’t want to finish last. So I’ll keep at it,” Hibbert said. “I knew what I was getting myself into when I came here. That’s why I prepared myself during the summer by running a lot more than I have in the past.”• VIDEO: Lakers writer Mark Medina recaps Day 3 of training camp in HawaiiScott has prided himself on running conditioning-heavy drills in training camp, believing the work usually reserved for track stars will help elevate his players’ endurance late in games. Scott also rarely hesitates to criticize a players’ performance or effort. Yet, Scott did not hold Hibbert’s stamina issues against him.“He works as hard as he can and does whatever he can to help out his teammates,” Scott said. “Defensively, he’s the captain back there navigating everybody and letting everybody know what needs to be done. These last three practices, I’ve been very happy with how he has helped younger guys.” HONOLULU >> The Lakers’ big men stood side by side on the baseline, waiting for coach Byron Scott to blow his whistle before laboring through another conditioning drill.Within seconds, Lakers center Roy Hibbert already was a few seconds behind everyone else. That routine lasted for several minutes at the end of the Lakers’ morning session on Wednesday at Stan Sheriff Center, leaving Hibbert hunching over to catch his breath once he finished. He then needed a few minutes to clear his mind before talking with Los Angeles News Group. “I haven’t done sprints like that since I was in college [at Georgetown],” the 28-year-old Hibbert said. “But most of the time when we ran, I was dead-last by a considerable amount.”Hibbert spent his seven-year NBA career with the Indiana Pacers before they traded him this past offseason to the Lakers. The Pacers made the move despite receiving only a second-round draft pick, eager to shed themselves of his expiring $15.5 million contract. But Indiana’s trade also reflected Hibbert’s struggle to adapt to the franchise’s shift toward fielding a quicker and smaller lineup. Still, Hibbert sounded aware something else could determine whether he can write his comeback story with the Lakers. All the numbers suggest that NBA teams should go small, the influx of speedy point guards and outside shooters forcing the game to put less of an emphasis on size and power. So Hibbert shed some pounds so he would no longer remain seen as a plodding center.““It’s changed some things up,” Hibbert said. “But I feel I’m in a place where I can hold my own in the post and get up and down the court.”Hibbert hopes to emulate Golden State’s Andrew Bogut. Hibbert argued Bogut’s contributions on the Warriors’ NBA title run became overshadowed by the outside shooting from Stephen Curry and Klay Thompson, as well as the defense from Andre Iguodala and Draymond Green. Yet, the 7-foot Bogut still landed on the NBA’s All-Defensive Second Team and finished sixth in Defensive Player of the Year votes despite averaging a career-low 23.6 minutes per game. “He didn’t score a lot, and he’s not the fastest guy out there. No disrespect to him,” Hibbert said of Bogut. “I admire his game and how he sacrifices what he does to help his team win a championship. I don’t mind being the older guy that has to sacrifice and be the defensive anchor.”Hibbert sure had to sacrifice in his last season with the Indiana Pacers after averaging only 10.6 points and 7.1 rebounds in 25.3 minutes. But the Lakers are leaning on Hibbert’s credentials as a former two-time All-Star and an All-NBA second defensive team member to revamp the Lakers after finishing 29th out of 30 NBA teams in defensive efficiency.“He knows his positioning and angles,” Lakers rookie point guard D’Angelo Russell said of Hibbert. “On defense, he protects the rim well and communicates his butt off. On the offensive end, he’s a threat. He can step out and make 10- or 8-foot jumpers. He’s a big body and really knows what he’s doing.”Hibbert said he also knows how to diet properly. He listened to the Lakers’ feedback in varying his eating times and nourishing his body with more protein. He did not listen to his inner voice.“Would I like to have a red velvet cupcake with cream cheese frosting? Yeah, I would,” Hibbert said, laughing. “But this is part of my game.” So is running, a skill that leaves Hibbert wanting more even as he gasps for air. center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more