DaJester, you have been a very welcome addition to this board. I value your perspective and enjoy reading your posts. The same goes for Imbellish and now, more recently, real777mellon. BUT you are on a fool's errand if you think you can give your perspectives and leave it at that when it comes to who your post is aimed at. The ignore function is of great value once you have read the same basic opinion dozens of times. In fact, the continual responses you receive from the same suspect party, at least for me, bring down the value of your posts, especially since I am somewhat forced to endure that nonsense on an app where I have yet to enforce a blockade of the suspect party. Again, this is just for or from my perspective, and not directed at what anyone else should do. I suspect you and I, and many others as well, know what latest letter agreement entails, how difficult it is to fund a legitimate lawsuit, how difficult it is to have a court recognize one's standing, and on and on and on. The stench and hubris of an intellectually dishonest pedant who feels it necessary to respond in bulk to many who have not even engaged said pedant, as if said pedant is the arbiter of all things c'ship - correct, incorrect, legal, political, financial - seems to me the quintessential reason the ignore function exists.
Some admiminstration will soon be forced to recognize the housing market mechanism will eventually run up against efficiency and economic realities that FHFA and Treasury are not suited to navigate, and this should be LONG before FnF is able meet the captial requirements on their own. Then there WILL be a new letter agreement overriding the current. The new agreement will have to recognize economic, financial, and political realities, and in some ways, long standing shareholder rights - especially given the way they have handled THIS c'ship (forget AIG, Citi, and the other corrupt, self-serving banking interests) or it will be just the beginning of a new, corrupt fiasco - ushering in an era of government overreach. At the very least, the spirit of the Takings clause will have been murdered.
One can avoid reality, but one cannot avoid the consequences of avoiding reality.
