I don't see the positives in the RNC letter or either one of them.
The RNC proposal still mentions the warrants....will they be exercised?
Yet it also mentions the shareholders and property rights....well which is it?
What's the likely resolution?
So far this week we have had:
1.) The IMF news story about the GSEs and the $200 billion dollar capital reserves.
2.) Congress or the Banking Committee Canceled a hearing regarding the GSEs
and hasn't given a date or time or even explanation of why the hearing was canceled.
3.) Ironically the hearing was cancelled right after of before Trump agreed to the debt ceiling increase...
4.) Then there was Corker and retirement talk and the Warmer admitting they screwed up with Obamacare.
5.) Then there was Craig Phillips and the apparent endorsement of the NAFCUs housing reform proposal.
6.) Then today certain democrats endorsing the GSEs to retain capital for buffers and the RNC blueprint...
It does seem a recap is on track given the trend of news but what form will the recap take is still up in the air?
Will it be the Moelis plan which dilutes the commons to being worthless and also exercises the warrants?
Will there be a settlement in court to successfully resolve the lawsuits in favor of the plaintiffs? It should be noted that in two of the lawsuits the plaintiffs attorney is the same person who prepared the head of the defendants or DOJ (Charles Cooper-Jeff Sessions), Cooper is also sessions personal attorney...Possible quid pro quo which would benefit Coopers law firm? You can be the judge of that lol.