"No question SM had a lot on his plate, but also 4 years, tons of experts available, and he knew what he needed to do! But about 2.5 years in he changed his tune by insisting UST get a fair return on its investment, despite UST having hobbled the gses financially via the nws!"
Come on Robert. A year and a half ago, Mnuchin was called on the carpet and read the riot act. Yes, he was called on the carpet at 200 West Street in NYC and told this NWS, initiated by the ultra-criminasl Obama, was gatherinfg too much sympathy for F&F shareholders and might upset the masterplan of leaving them in conservatorships until the next economic crisis comes along. So, at the behest of his masters, he stopped the quarterly confiscation of all GSE profits to cool things off and setle the GSEs back in perpetual conservatorships; waiting for the eventual finasncial spiraldown. I hope you weren't thinking the carpet was on Pennsylvania Avenue.
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