Anyone see the GSE discussion of FnF on Fox Business about an hour ago? I can't find the video yet and only saw the tail end.
James Freeman of WSJ calling for FnF to be wound down and liquidated, protecting taxpayers, CBO estimates moving to pure private would only add small increase to mortgage rates, FnF caused the crisis, etc.
He later made additional comments that he hopes at Mnuchin's confirmation hearing, senators will ask him directly if he finally plans to shut down these two behemoths. Bartiromo replies, well that's exactly what he said he was going to do. http://video.foxbusiness.com/v/5279352704001/?#sp=show-clips
I continue to see multiple stories now regarding Paulson and the FnF stake. Without a doubt he gets grilled on this ,which IMO is going to send the stock soaring or has the potential to destroy recent gains. I also saw that Paulson owns common shares, which I did not realize. I thought he was in prfd. So the million dollar question aside from a Perry decision in the immediate future is, how does he respond to these questions and what future plan does he provide?