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Sunday, September 17, 2023 12:47:04 PM
https://www.reuters.com/business/finance/what-is-basel-iii-endgame-why-are-banks-worked-up-about-it-2023-07-24/
What about the monoline GSES and the FHFA as far as the required capital? Their still figuring it out and probably have plenty of time to figure it out while ideally earnings build Capital quarterly.
2. What will the Courts do? Still a lot of litigation on the horizon but there was an injustice inflicted on the Equity holders and in the end that could help build capital.
3. Releasing the GSES? I think one side of the aisle would do it while the other continues the CONservatorships into perpetuity (assuming ZERO recourse from the Courts) so they can continue handing out subsidies to their targeted voting base.
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