calabria was never the guy who was going to undo the net worth sweep in isolation by himself, although by some accounts he did have the power to do so. it takes two and he was working with mnuchin to do it. mnuchin and him got this far enough and briefed yellen on the next steps.
"I recall posts indicating that former FHFA Director Calabria would do the same. Matter of fact, he was referred to as the GSE Savior "The Recap & Release Director."
If MC were to release FnF from Conservatorship, his legacy would have been permanently preserved in history for a long time as a honest public servant. Now MC looks more like a hypocrite who was shown the door unceremoniously which he deserved.
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