Thursday, January 21, 2021 10:38:46 AM
Re: Fannie/Freddie-The Path Is Actually Clearer NOW. On its face, this claim may sound ludicrous off the back of a precipitous drop in valuations due to what some interpret as SM losing his nerve and punting to a hostile Admin. In this thread, I posit the exact opposite.
— Michael Kao (@UrbanKaoboy) January 18, 2021
This is interesting, since Kao's sketches what the goal of the Mnuchin letter was and would be going forward -- and takes the political realities very seriously.
Kao thinks the common is toast and a slow recap was never feasible. Folks here think the JPS is toast and a slow recap is coming...
Who has insight and who is the Qanon supporter here? I really don't know, but JPS is heading down again, and common too
Cos the other alternative is no fast recap, no slow recap, just stasis and possible SCOTUS weasel punt...
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