I think you have convinced me of the possibility of government selling the warrants back to the GSEs at a nominal cost. In the case of the banks, my guess is that the warrant sell-back was based on the same sort of "fair market" accounting basis such as I exposed for F&F warrants. That stated carrying value on Federal books was about $11 B.
How do you reconcile the fact that everyone who has written or spoken about the GSEs from FHFA and UST contradicts many of these points? And that many of these points require the government to just give up something they have for the benefit of shareholders?
Makes simple sense!!!! And how it should be done by the law and Gov handling in the past.
But this is a different Gov under Obama and Trump being Trump Id see it going this way. If it was under Obama, not a chance ! That Mxxxer Fxxxker can go back to Kenya where he said he was born.
First things First is Mid terms after that and before years end