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Re: brandemarcus post# 140

Friday, 03/20/2015 9:43:21 AM

Friday, March 20, 2015 9:43:21 AM

Post# of 169
ot-Since I have two fellow gse investors lurking here, I think the emphasis that fnf will fail if no capital is retained is bad strategy on "our" side.

1. Core earnings are still coming through and the interest rate hedges will reverse. Massive accounting(not real) profits come back if interest rates revert to even half of their 20 year average.

2. Inspector general waited 1.5 years to resurface after that ridiculous prediction about massive hidden losses on bad loans from 2013. How did that turn out? They are both over reserved and that is source of capital.

3. Now the treasury can make the case that the unlimited backing was good consideration for the third amendment.

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