I think we are the ONLY unresolved financial intermediaries to not have been able to payback the federal government.
Hard to believe that DeMarco could on his own decide on August 17, 2012 to Nationalize the GSES, transfer $100,000,000,000+ of much needed capital to the US Treasury in 2013 and more later on in return for NOTHING.
And no one says anything or complains about it except the shareholders.
And that is not how this story ends. Sure it's drawn out and we all want it to end a decade ago, but they're still here and more capitalized today than 5 years ago or last quarter. If they were going to cease to exist, they wouldn't be capitalizing them.
And nothing, absolutely nothing politically is as it appears.
And some of the TBTF banks are about to test the TBTF theory.