Apparently there’s a divergence in various “shareholders” groups strategy. Based on a few “clues” lately, I can only comment on “signals” detected by my own “radar”.
1. There have been no status updates twice concerning Fairholme’s case, and the Discovery is pushed to next Spring already. My radar signaled some sort of settlement or concensus behind the scenes to buy some time for (gush!) the 4th Amendament to be issued by FHFA stopping the Sweep and recapitalizing GSEs.
2. HERA created FHFA to reform GSEs so that boat has already left the dock. As such, GSEs are unlikely to return to their prior forms. The CSP is part of the deal/process to “move forward” on GSE reforms. Politicians need to show their report cards about GSE reforms.
3. CSP is likely a viable way (and consistent with “reforms”) where current GSE shareholders would reclaim value and ownership. HERA has no termination date for FHFA so FHFA is here to stay.
4. When “warrants” were discouraged to be discussed, it further indicates that FnF will not be released, relisted, and 100% back to pre-crisis status. They are likely to be transitioned to CSP in a few years, with or without private sector’s help.
My Reply...
your radar has a few kinks, 3-4 stat. cons. have been deemed not necessary, for what ever reason -Docs are flowing. discovery is on trac, and then to follow with depositions this spring .
HERA created FHFA they can eliminate FHFA, what is your point?
CSP, the platform, at current rate of speed is years away
the idea of the GSE’s not emerging out of c-ship and relisting is a bad idea. what is at stake here is the rule of law,
The most valuable asset of the GSE reclaiming their place in the economy, is not the share holder, but the affiliated markets that rely on the ability of the middle class getting a mortgage. from home builders to furniture, landscapers, independent contractors lowes- home depot to dunkin dounuts. we are all intertwined. none would exist in a rental society… retail
The focus should be on eliminating the sweep and building capital.
JMO, but all other chatter is moot.
Sweeney is are immediate concern in the judicial
Vote republican if you want to tie up government and let justice run it’s course.
Market Data 
Markets 
AI
