Friday, November 24, 2017 3:47:49 PM
Same is true with others who have announced for the retirement. If they are retiring why would they play for TBTF if they can make $100M+ by investing $10M in GSEs? Will TBTF pay them salary of $100M in next 20 years even if they decide to work for TBTF? Hell no. They will just talk about closing GSEs so that they can load more at low. Finally, they will OK for administrative recap, fee for credit line from treasury, release, and relist. They will not exercise warrant but they will ask GSE to recap with 40%-50% dilution. It's good for ethics point of view also. Politicians will say they wanted to close GSE but opposite will happen; So being long in GSEs is not ethics violation for politicians.
Just search corker and ethics. He is most corrupt senator and if anyone think that he does not care about his pocket get your IQ tested.
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