Agree with your comments, I just have to differe on this facts:
1- Their interests are beyond to filling the treasury's coffers. First FnF, FHFA, Treasury, and of course taxpayers who carry the heavy bag must pay to Fed under their conditions. You're right, they have had a lot of time to prepare their strategy...that's why the FHFA as conservator taken over the assets and assumed all the powers of the shareholders, directors, and officers. FHFA may take any necessary action to restore the firms to a sound and solvent condition... Stockholders’ voting rights are suspended during the conservatorship...Dividends on common and preferred stock have been suspended...The conservatorship will end when the FHFA finds that a safe and solvent condition has been restored.....thats mean whenever they wants..also treasury will buy preferred stock as needed. -In return, the government has received warrants to buy up to 79.9% of GSE common stock for $0.00001 per share, and if the GSEs emerge from conservatorship as stock corporations, the government as the majority owner will have the option of selling its shares at a profit.-Treasury will buy newly issued Fannie and Freddie MBSs in the open market as needed. That's why they imposed the sweep amendment on August of 2012 when FnF began to emerge and get profit. Thats why IMO they're pointing right now with the fat finger to the banks, just to be sure to have their money back before the party begins....I mean before the Fed's taper begins and national debt go to the sky and before de final solutions for good or bad are taking about FnF...
2-The Congress is much more than a bunch of lazy, inept and rich people. IMO they're a powerful, elitistic and smart
establishment. They can legally making money at our expense, satisfy the interests of their masters, have "reputation-respect" and "working hard for the good of the folks" at the same time (A tough-relatively but juicy new career)
3-I don't think the media are so dummy. It's just another manipulated, induced and disgusting market....say what another paid to say without considering the consequences.... I don't believe even in the intention to strike Syria...A USA president waiting for the approval of the Senate in a war situation??? Only for gain time....time...time...for what? Everything it's so manipulated...
Our country have a lot of economical issues...IMO it's smokescreen as has happened before to divert attention from domestic problems...
I really appreciate all your posters and your good judgement. I want to ask your opinion about the fact the Fed keeping MBS???I strongly believe that's the way of controlling the housing market under the new perspectives...
Best regard and GLTA
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