Thursday, July 23, 2020 2:23:10 PM
- drafted HERA with the anti-injunctive clause AND that the conservator "may" (optionally) conserve assets, instead of "shall" (obligatory) conserve assets
- gave their buddies advance notice of the cship at eton park, letting them get out before the public announcement and ensuring the lies about insolvency and an impending collapse would look valid
- fraudulently wrote down assets in collusion with the auditors no less
- forced them into cship
- forced a 10%, non-repayable draw
- took warrants for 80% of the companies
- took the remaining 20% with the NWS
- lied about a death spiral just before historic profitability
- fought and delayed EVERY law suit as fiercely as possible
- proposed reserve requirements that are so excessive they could cripple the recap and force business to competitors
yeah, they ain't got no motive to treat us bad ... none ...
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