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TRCPA

09/13/19 9:11 AM

#558835 RE: JosephS #558817

Agree. Calabria is outside his comfort zone when it comes to this. I think en banc has also rattled he and Mnuchin a bit. Particularly Calabria, due to the constitutional ruling on FHFA director subject to being fired without cause. They are regrouping in addition to putting on their public negotiating hats.