I agree the volume and PPS is no lie, but again it still seems speculation to me. Yeah David Stevens made some hay about it, and yes there has been talk of biden doing something, but having watched the inaction of his administration on housing for the past 3 years this seems knee-jerk. Also, ST was appointed as the successor to Mel Watt and given orders not to rock the boat. She's already indicated that it's not in her purview to facilitate the release the GSE's but it's up to Congress. Most familiar know that the FHFA and the UST could do this over lunch. That is EXACTLY why she was put there.
Your points are all great ones which are not secrets, but they are all based in "what if"...and don't get me wrong, the "what if" is what's needed here because it's not likely to happen in courts.
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