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Mnemonic

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Mnemonic

Re: JCRod2018 post# 720431

Wednesday, 05/11/2022 8:57:54 AM

Wednesday, May 11, 2022 8:57:54 AM

Post# of 800519
You saw what happened in 08. If the companies are distressed again, FHFA and Treasury will not hesitate to wipe out both commons and JPS this time around. It would probably simplify their reform plans, tbh.

The good news is that the quality of F&F loans is much better than it was, and Calabria actually let us retain earnings for a few years. But I wouldn't be excited for a housing downturn.
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