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jwnoble3

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jwnoble3

Re: betahighlander post# 15547

Wednesday, 08/20/2014 5:28:26 PM

Wednesday, August 20, 2014 5:28:26 PM

Post# of 17746
IMHO, no matter what happens both sides are prepared to appeal. This is far from over.

The issue of ripeness has been raised several times by the US attorneys. If FHFA let the GSEs out of conservatorship, could FHFA/DOJ legally pursue all the banks and sub-prime lenders for shoddy mortgages?

I see BofA is nearing a $16B RMBS settlement (link). Could these be possible without GSEs in conservatorship? I think it really weakens the governments chances.
http://money.cnn.com/2014/08/20/news/companies/bank-of-america-record-settlement/index.html?source=yahoo_quote

My posts are opinion and should not be relied on for your investment decisions.

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