Obama touts mortgage finance plan, highlights private sector role

NorthStar Realty Finance Announces Pricing of Public Offering of Common Stock

The government would still play a role in housing markets by insuring or guaranteeing those securities – at a cost to investors. “Private capital should take a bigger role in the mortgage market. I know that sounds confusing to folks who call me a socialist,” Obama said, inserting a dig at political opponents who paint him as a left-leaning liberal. The United States was forced to prop up Fannie Mae and Freddie Mac when the two companies careened toward insolvency during the financial crisis, costing taxpayers $187.5 billion. The companies, which still dominate mortgage markets, have since returned to profitability, funneling about $132 billion in dividends back into government coffers.

The Liu campaign sent out an e-mail on Sunday summoning supporters to the protect, charging that denying Liu the public matching funds would send a pointed message about welcoming new participants into city politics or driving them away. “John’s donors are overwhelmingly immigrant and first-time donors to any campaign; the average contribution amounts are lower than his rivals’,” the email said. “It would be a terrible message for the CFB to deny matching funds to the very people the campaign finance program was designed and intended to empower.” Liu has unswervingly said his campaign finance ops were aboveboard. But in May, a Manhattan Federal Court jury found his young former campaign treasurer, Jia (Jenny) Hou, guilty of attempted wire fraud, obstruction of justice and making false statements. The jury also found Liu fundraiser Xing Wu (Oliver) Pan guilty of conspiracy to commit wire fraud and attempt to commit wire fraud.

In Crushing Blow, NYC Campaign Finance Board Denies John Liu Millions For Mayor’s Race

6, 2013 /PRNewswire/ — NorthStar Realty Finance Corp. (NYSE: NRF) (the “Company”) announced today that it has priced an underwritten public offering of 35 million shares of common stock at a public offering price of $9.60 per share. The Company has granted the underwriters a 30-day option to purchase up to 5.25 million additional shares of common stock. The offering is expected to close on August 9, 2013. Deutsche Bank Securities, UBS Investment Bank and J.P.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s