Sunday, August 20, 2023 7:48:19 PM
Jared Bernstein has written and talked about private capital taking the first loss position and ending the conservatorships via recap and release.
A jury just gave a verdict saying FHFA lost and FHFA/Treasury breached the contracts.
I still am hopeful. The Biden admin can lock in its administrative priorities:
https://seekingalpha.com/article/4629381-dc-jury-decides-gse-shareholder-contracts-breached
If there is money in locking in the priorities (I am not saying there is), the new budget starts in October.
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