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Monday, October 07, 2013 11:39:45 PM
I'm thinking since Fannie and Freddie are paying for the new LLC. I'm thinking eventually worst case all Fannie and Freddie shareholders get shares in the new LLC and they take it public in some big Twitter like IPO. We win either way. The key is Fannie and Freddie are paying all the expenses for this new clearing company. You don't make someone pay all the expenses for somebody new who is there to eventually kill them. Think it through.
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