Wednesday, January 09, 2019 9:58:18 PM
The only way this is accomplished is a settlement of some kind.
The fact is Fannie and Freddie have proven over the past 11 years that there is in reality no concept of "taxpayer" losses here only government gains! This has to stop. The only taxpayers that have lost are the investors.
You can not have one sided win for government and loss for taxpayers as has been the case, that is not a democratic society and that has to be fixed.
The warrants are dead.
With the warrants dead equity raises can be fairly priced and every one wins. For large stake holders who own say 20 Million shares common to get realize 1/6th or 1/7th what they should have because the government took the rest or watered them down... will be too well funded to take it lying down.
Say the warrants do get used. So work the math and someone with 20M shares ends up with $300M but, no warrants that number is $1.8-2.1B you honestly can tell me or anyone truthfully that they will go quietly into the night.... no way. Not going to happen. Someone with $300M will easily drop $10M for a chance at the other $1.5B left on the table. Thus,
The warrants are dead.
Let reality set in.
The warrants are dead.
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