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Thursday, August 27, 2020 11:51:04 PM
So, I think he also dislikes the GSES' "special status", with competitive advantages NOT available to other financial intermediaries. And I think he is determined to set them up as one of MULTIPLE MBS ISSUERS (per September 2019 WH/UST Plan) and hence the over capitalization, which as many comment letters have suggested WILL HAVE negative consequences!
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