DeMarco testified this afternoon that he gave ZERO consideration to the interests of Shareholders and he was all about the 'safety' of the MBS market.
The Government is selling the idea that the NWS was in the best interests of the public because it froze the UST Commitment.
But both Dr. Thakor and Dr. Dharan said that the 'public interest' is the safety and soundness of the GSES and you need Capital to do that and that giving away ALL the capital with no possibility of a capital rebuild with the NWS is the antithesis of preserve and conserve.
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