Moving forward we have some interesting tidbits this week.
Tomorrow Mnuchin is on CNBC and Fox, at 0700 and 0800 respectively. I certainly HOPE if he mentions the twins at all, it's in a great light. I can't help but think that our push here at the close was due to Mnuchin's upcoming TV appearances.
I also saw that Glen Bradford found the request from both Fairholme and the Govt requesting another 3 days to provide their schedule to Sweeney. I wondered why nothing came out yesterday except the Govt's feeble attempt to escape paying Fairholme's legal fees. So, it looks like they have until COB Friday to provide their info to Sweeney.
It also struck me that it was the previous administration that instituted the NWS as a means to drive the twins into receivership. That much is stated in the documents recently released. But then think about it. There's a new administration in charge. They did NOT participate in planning for the GSE's demise. Instead Mnuchin was clear in his desire to get the twins out of govt control. Maybe with yesterday's ruling he can make the case a bit easier for proving the twins have been reformed and now just need to be recapped and released. He also has some very close friends who are very interested in the twin's future as independent entities as well.
Yesterday was hard to hold through, but having been through some of those downturns before, there are more reasons to hold on than to sell. Hopefully we'll get a peek at our reward tomorrow!
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