MBA, ABA aren't even fighting what is coming; nor is Zandi. They are resigned to discussing how to strip away pieces (like MI and no re-finances and some of the high-end loans). They tried to argue for 5% capital and Moelis says 2.5% or most 3% and the results of the survey said 2.5% to 3% was fine. The survey is in. Watt is out & Otting / Calbria in. No Corker or Warner or Hensarling in Congress. No more panels with Ed Pinto, Peter Wallison. Mulvaney argued for better treatment; Calabria wrote a paper that the investors got shaft. Later this month, there is a big en banc hearing Maxine Waters ready to unleash her leadership for Affordable Housing and no Republican half-baked bills to place them in receivership.
What more do you want?
In three months time this could all be over and we'll be toasting in Vegas
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