Anyone that stupid? MC is either (a) disorganized or (b) not in control of the process or (c) does not care about how what he says he will do, and does not do, will make him look... all of (a)- (c)
Frankly, we wait to see what, if anything, MC is good for as director of FHFA
I believe Calabria will reveal his re-proposed capital rule this week. Friday would be the latest. He will lower it from Watt's original 3.24% or $190B. The new amount should be around $140B.
Anyone expecting to hear from MC on the capitol rule this week?