looks like few nerves were struck all over! Timeline is interesting:
early October: things are smooth, either good or neutral news ,things progressing
10/6: Ackman makes the ever so slight reference to a report the gov't may be looking at
10/6: politico Alpha confirms a 110 page report exists to the gov't all about "affordable housing","front-end resolutions to litigation","options to ensure GSE's remain viable" etc.
10/7: TH717 feels report sounds very suspicious as to its authenticity
10/7 : senator Corker gets airtime to deny big time the report and states companies should be eliminated , and congress has been "inept" at their job in this regard.hedge funds started the "rumor"
few days later he does a 180 and retracts eliminate the GSE's to reform and keep them,like a utility
10/17: TH717 email Q&A , all smooth and everything sounds good for the GSE an come away with feeling of a release sometime before the courts decide and presumably before the election.
10/19:An unprecedented WH/ treasury media outburst, Lew,Stegman,Weiss denying the report and that there is no talk of recap and release, will not go back to the "old days",won't listen to "noisy shareholders,"comprehensive reform needed" and sweep needed to cover the open risk factor to the taxpayer.
10/19 to 21: Watt and CEO's indicate the GSE"s are way ahead of schedule on the sharing of up front credit risk with the private sector ,which has now become the standard and will be 10% of their book by the end of 2015, and that release "not in the foreseeable future"( really like this part btw)
10/19: TH717 very disturbed by the gov't 's tactic above , and the WH and TR throwing affordable housing "under the bus", And a very impt depo in the Fairholm trial coming up that may have attempted to be "quashed" (love that word) by the defendants.
10/20: Politico Alpha re confirms the report by Sebastion
10/22 Th717 inquiring about a 2nd confirmation note as info of the report may be helpful with the courts and potentially could have a purpose ........
.......just waiting for what is around the next corner!! But my conclusions so far are that the report seems to exist, and it has stirred a lot of things up but importantly it appears the required "comprehensive up front reform"has and is taking place and appears the primary mandate for release?
