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Wednesday, November 15, 2017 10:53:38 PM
Dual threats: taxReform and 1/1/18zeroCapital/Jumpstart. Both threats are controlled by congress. We're seeing a well-timed kill shot by the TBTF. At least that is my fear. I'm long and have been for years. But it's typical of congress to wrap a devious act such as taking a multi-billion dollar slice out of the GSEs' balance sheet into a bill like one reforming and lowering taxes. And to do so on the eve of the congressionally-set zero capital date is again probably a coordinated series of moves meant to eliminate the GSEs. Courts? Ha.
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