It was a collateral...you can't cash in on a collateral when the principal has been repaid...former treasury secretary has already told in front of congress on record that it was repaid...
"That is wishful thinking and unwarranted optimism. I believe the warrants will be executed"
Clark,
That is wishful thinking and unwarranted pessimism. Banks bought back warrants. If FnF are not allowed to buy back then there will be many law suits.
This seems to be best viable option for all:
- Revoke all SPSPA amedments retroactively - Redeem SPS as per original SPSPA - FnF buy back warrants as per Gov standards - To assure market Gov provides sufficiently large commercial credit lines to fnF - No need to recapitalize, Release FnF - Settle all law suits or Courts rule on lawsuits - Move back FHFA under HUD control - Congress will reform housing finance in small steps
Gov makes more than 100% profit on net investment of about of $140B.
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