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lushka

03/15/17 6:49 AM

#396471 RE: streamer04 #396292

Perhaps, but need also to consider the cost to the treasury if the GSEs need a draw in the future since they will soon have no capital. Also although 10 Billion sounds like a lot, this is only a drop in the overall yearly gov't budget of greater than 3 Trillion.(roughly less than 1%). Also with the circulating news suggesting the previous administration was potentially using the money illegally to help pay off health care companies supporting Obamacare,I would think if the Treasury takes the money, where it is used will be watched closely and potentially highly criticized . So the money could easily become a "hot potato".It may be more prudent , given the Infowars news, to just park the money in the GSEs,to protect against a future Treasury draw until they decide what to do with F&F, than to risk scrutiny on what the treasury would do with it if they kept the draw. We shall see soon! Remember that the amount of tis draw is at best only 1% of the overall budget. Personally, I think the safest plan would be to leave the money with the GSEs for now until a solution is finalized for the GSEs.