Tuesday, November 28, 2023 5:19:58 AM
So in theory continued retained earnings does not materially increase how much the government will be cashing in on the spspa becauwe they may use face value and not liquidation preference in recap and release vs receivership.
I am not sure how this works out but noticed this this past month reviewing all the numbers in anticipation of some sort of potential admin action. Diane Yentel was back in the white House yesterday. Affordable housing is an admin priority. There is a path here. I think we will see shortly if they will intend to use it.
Daniel Hornung was promoted and is the Biden housing guy.
Lael Brainard is the main person at the White House leading the national economic council and she is speaking on housing I think end of next week along with Daniel and David Dworkin at a Dworkin event. Dworkin was in the WH the last time Yentel was when they were all talking housing too.
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