While that is possible, the changes to the board appear minor and would not lead me to that conclusion.
On another note;
Something we need to consider though is that the board on each company has now made response to government proposal (crapo / johnson bill).
This may be an attempt to satisfy Fairholme and other investor complaints to the board that THEY DO NOT DESERVE their jobs when share holders are suffering for their lack of action.
The private memo's from both FNMA / FMCC AND the FHFA about the crapo/johnson bill suggests all three parties are attempting to show they have taken share holders into consideration.
In my opinion, this is an indication that the reckoning is near and we will not have to wait out the year for the resolution. It may only be a month or so away.
i.e. domino's have been placed since 2012 in my opinion, and now we can see that some are getting ready to fall and start the chain reaction we have been awaiting.
Be well, be safe,
-Zargis
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