I am submitting a letter for the boards critique, if anyone has suggestions your input is appreciated.
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“Merriam Webster Dictionary
47 Federal Street, Springfield, MA 01105
I would like to submit a request to have a new word “Dilrosion” added to your dictionary. The meaning of the word is from the 2008-2012 actions of certain agencies of the U.S. Government that firstly used an accounting trick (“Deferred Tax Asset”) to make Fannie and Freddie seem like they were in financial distress thereby seizing the two shareholder owned private corporations (erosion of stock price through misrepresentation of facts), then the government registered warrants for themselves against the shareholders (79.9% of the two companies. Erosion) then, issuing “Senior Preferred Shares equivalent to (79.9% of the two companies worth) to themselves (dilution) then, in 2012 by of the “Net Worth Sweep” which gutted their capital equity whereby replacing it with a credit line (double ended dilution) then, allowing relative minuscule first loss capital retention but adding that amount to the money owed to the government forever in perpetuity never allowing it to be paid back.
This multi-level dilution/erosion (DILROSION) of Fannie and Freddie needs this new word in your dictionary to describe to the reader/listener how punitive accounting can be used to financially destroy a “rule of law” legally traded companies stock of shareholders (after tax dollars) while, publicly stating support of the American Dream through secure? financial markets.
The word Dilrosion leaves a stunningly powerful legacy to the Sheer power of the United States Government to crush financially their own shareholder citizens which are investing for their pensions, unions, families and maybe even for themselves.
Sincerely, Me
