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obiterdictum

01/09/17 8:44 PM

#377153 RE: big-yank #377149

How does that article ( http://www.philly.com/philly/blogs/inq-phillydeals/409810485.html ) and the one that article paraphrased in large part ( https://howardonmortgagefinance.com/2017/01/04/economics-trumping-politics/ ) relate to the Berkowitz proposal ( http://online.wsj.com/public/resources/documents/FairholmeOffer.pdf ) and the summation that "Mnuchin should just put some non-bank hedge funds in a room and let them come up with a way to recapitalize and privatize Fannie and Freddie."?

In short, in what way is running-off and liquidating Fannie and Freddie so they no longer operate and exist similar to recapitalizing and privatizing Fannie and Freddie so that they continue to operate and exist?


Travel5

01/10/17 1:25 AM

#377187 RE: big-yank #377149

Respectfully, this article, and many others, list assumptions made by those with unclear motivations and even less clear knowledge or understanding of what is going on behind closed doors. The authors of most of the articles coming out recently could (could not) be for individual gain.... I don't think any of us know for certain.... anything about what Trump and his administration will do, for there is no precedence set. We know he understands the industry, he is an accomplished business man (who has made his own share of admitted mistakes over several decades - hopefully we, a country benefit from his wisdom learned over the years). We have some facts, mostly brought to light by way of processes, the courts and their rulings (fair or unfair)... we have some inferences we can make as it relates to nominated individuals and of course we have a lot of miscarriages of justice going back to the Clinton era (of course a biggie with the third amendment sweep...) it is a waiting game at this point. Hopefully Mnuchin is confirmed (I personally feel like he will) and then we have to hope the truth starts to come out and justice prevails for FnF, its employees and share holders!