I think there must be ways to wake people up of the GSEs. They are extremely sexy investment. May be I am too old to figure this out.
Can we get Ackman to run an online contest with $100K price to alert the general public of this attractive investment, especially the youth ? They need to read a 10 pages summary and then answer 5 randomly generated questions to qualify for a lucky draw. That may trigger some attentions.
Companies posting these types of earnings do not need a recap.
Release from conservatorship is based on capital levels, not earnings. FnF are in such a huge core capital hole that retaining earnings alone will take around 20-22 years to hit regulatory capital levels.
As we know, what they need is for their abusive 'conservator' to remove its boot off the neck of the companies and follow HERA!
Well, the Supreme Court said the NWS is authorized by HERA. Right now it seems us current shareholders are much more reliant on the carrot of Treasury monetizing the seniors and warrants than the stick of the lawsuits.