cranyinnyc

Barron's: Laing's Mortgage Relief Plan Could Actually Work

davidbdc

i think you're missing the most important reason Tom's pushing this -it must benefit his deeply underwater mortgage long positions (how's that IMB position doing for ya Tom?)

Whose Freddie Investment Thesis Is Right?

Mark,

Since when is equity considered an obligation? The common and preferred equity of the GSEs is risk capital that is leveraged with borrowings. No sacred trust would be broken if the US Treasury's action resulted in the loss of these shareholders' investment. If they are going to be made 'riskless' why should they reap the upside and why would the Treasury just Nationalize the GSEs?