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Monday, August 01, 2022 9:33:32 AM
a conservatorship is not nationalization
but have we reached a point after ? 14 or ? years and dictatorial power (and no use of shares v draining cash) for FHFA -- that this is a conservatorship in name only and frankly the courts should have so declared
so - yes conservatorship that acts as such is very different from nationalization
this so called conservatorship has lost the right to be called such and is in essence a de facto nationalization - in my opinion
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