![](https://investorshub.advfn.com/uicon/402153.png?cb=1604616110)
Thursday, June 24, 2021 4:25:48 PM
From TH on the current administrations options: "First of all, I’m sure the Court felt no need to address the implications for ending Fannie and Freddie’s conservatorships when it made its ruling on the APA and constitutional issues. On the issue of political cover, I don’t know how the Biden administration will think about that. Right now it’s in “no man’s land.” The Trump administration began a recap and release process with the January letter agreement suspending the sweep indefinitely (while continuing the liquidation preference indefinitely as well–a fact whose significance seemed to have escaped the Justices when they claimed this suspension mooted the request for a prospective remedy). But with the loss at SCOTUS, you now have two companies who are allowed to build their earnings but have no hope of accessing the capital markets because all of their past accumulated earnings belong to Treasury. As I noted elsewhere, the Biden administration has three ways it can undo this knot: (a) nationalize Fannie and Freddie, and keep the right to their income stream in perpetuity, as it now has with the liquidation preference, (b) “wind them down and replace them” (and we know how past attempts to do that turned out, or (c) deem the senior preferred to be fully paid, cancel the liquidation preference, and release them. My bet is the third option, and their “cover” for that would be to declare that this is the best public policy for the mortgage market, and the nation."
CEO WhaleBalls Corporation
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM