You probably won't deny either that his suggestions are a somewhat legal surrender to the Powers that be - with "theft" being accepted within certain limits. Howard's goal is apparently to allow Fannie and Freddie to return to full activity outside of c'ship asap (not in 18 years) - at the expense of the big banks ("financial establishment"), whose share of the mortgage market will then decline again. He knows that the GSEs make an important social contribution by providing affordable housing - and seems to allow limited "theft" in exchange for their release. He thus puts the common good above the good of the shareholders.
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