Monday, June 15, 2020 10:18:24 PM
CM315,
Thanks, What will be the advice of these advisers?
They will charge big fee and tell FHFA and FnF simple truth that every one already knows. It is clear mismanagement of companies by the conservator.
Conservators needs to be highly qualified and experienced people to rehabilitate such extremely large, complex and systemically important companies. But all these FnF conservators have been not only substandard by any criteria but also morally and ethically corrupt.
If FnF do not have enough capital then why would these conservators keep on loading FnF with unlimited risk exposures and at the same time keep on stealing their capital. In addition these mafia conservators want FnF to raise 100s of billions dollars from private investors.
Unfortunately equally substandard judiciary thinks that these kind of conservatorship decisions to steal and bankrupt conservatees are valid and lawful business decisions that can not be challenged. Can judiciary tell the FnF investors, when did stealing became valid business decision?
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