Saturday, October 04, 2014 9:26:13 PM
This bill (Delany Bill) was introduced mid July. It has 13 co-sponsors already. It's not dead and perhaps it revives right after November. It is the only bill that deals directly with the SPSPA's:
It
1. cancels the warrants.
2. Allows redemption of Sr. preferred shares.
3. Compensates "appropriately" the government, as in "thank you"
And allows both companies to be sold, recapitalized and restructured without a charter and as a reinsurer.
Here is a good article about it:
Partnership to Strengthen Homeownership
We are totally focused on the lawsuits and forgetting the most important thing when it comes to our shares: Congress. Lamberth said so!
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