Sunday, January 25, 2015 5:17:31 PM
With this agreement, Treasury receives senior preferred equity shares and warrants that protect taxpayers. Additionally, under the terms of the agreement, common and preferred shareholders bear losses ahead of the new government senior preferred shares.
http://www.hedgefundlawblog.com/paulson-announces-conservatorship-of-fannie-and-freddie.html
take a look at the signatures on the document revealing that the US Treasury...
"Reasons to Set the PCF"
"Makes clear the Administration's committment to ensure existing common equity holders will not have access to any positive earnings from the GSEs in the future"
YOU ASSBAGS!
http://graphics8.nytimes.com/packages/pdf/business/Tab25.pdf
Glen Bradford
Purdue University
Master of Business Administration
Bachelor of Science in Industrial Engineering
"Uncertainty will certainly work for me." -GRB
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