Sunday, July 28, 2019 7:17:54 AM
Because I only have 3 posts daily, I use this last post to reply to Bradford. Mnuchin was referring to a Housing Finance System revamp to "don't put the taxpayer at risk". He used the word restructuring wrong to mislead us, primarily because a restructuring isn't meant to don't put the taxpayer at risk. A restructuring of companies is related to debt restructuring (or preferred stock restructuring) and it occurs only when they are in financial difficulties, which isn't the case in FnF.
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