Steelhead9,
I don’t think that the current admin’s goal is to fight the plaintiffs all the way to the S/C. I’ve given it a bit of thought over the past few years, and while I’m no legal scholar, this is what I think is happening:
DJT wants to win the next election, and he’s attempting to delay any recap and release until the opportune time for it to have the maximum benefit to his campaign. By dragging out this fight for another few months, he’s giving institutional investors the most possible time to load up, both prefs and commons, so that when his administration finally concedes (and personally I believe part of that concession will be releasing all documents to public scrutiny), institutional holdings which support 401k and pension plans end up being the largest beneficiaries. I think that cashing in on the warrants would defeat his purpose- That being to greatly increase the value of pension plans across the board.
If he holds off until June/July/early August, the results could greatly sway rust-belt state voters- Union Democrats who find themselves the beneficiaries of delayed justice, and a direct result of some swamp-draining. Of course it would also gain him votes across the board from middle class wage earners who are contributing to pension plans, and by holding off until mid/end of Summer 2020, the move will be fresh in their minds as they go to the polls.
That’s my 2 cents, I’d love to hear what the rest of you think of this notion.
