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Monday, April 20, 2020 3:04:15 PM
So, you do agree that the conservator has to preserve and conserve the assets of his wards? But, we definitely have a disagreement on what the term entails. In my definition, the conservator makes sure to guard the best interests of his wards. FHFA failed miserably in this respect:
1) Lockhart agreed to a 10% dividend, while the prevailing interest rate was between 2% and 5%.
2) Lockhart agreed to gift a sister agency $240 billion for a measly $73 thousand through the warrants.
3) DeMarco agreed to the NWS.
4) After 5th circuit ruled NSW illegal, Calabria signed an amendment that has increased the amount owed to FHFA's sister agency.FHFA
Care to explain how two of the most profitable corporations in the world have accumulated deficits when few other corporations have matched their profits the last 8 years?
How did these three "noble" conservators preserve and conserve the assets of their wards?
Can the messenger be shot for misrepresenting the truth?
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