"The current admin had over 3 years to get this done. Mnuchin and Cohen repeatedly said it was a priority and that it would get it done fairly quickly. Don't blame Calabria he is working to getting it resolved."
SM intended on continuing in the direction of Hank and Ob started. However SM tried to obscure his intentions with false hopes.
Calabria is on the job for more than 1 year now. By the time he was on the job, lot of things were already discussed and ruled out. Also white house made Calabria's job very easy by creating the policy document for FHFA to implement.
But Calabria has not shown any urgency to implement the policy of ending conservatorship. Calabria will not be able to make any progress if he relies on WS revolving door bureaucrats.
Instead of using FHFA independent authority and white house policy document to expedite the winding down conservatorship, Calabria is depending on WS revolving door bureaucrats and they are making Calabria slow walk everything.
News 
Market Data 
Discover 
AI
