Friday, July 24, 2020 10:35:13 AM
If the administration believes the warrants are legal, why haven't they exercised it? They resorted to the idiotic Net Worth Swindle because they felt it was more defensible than exercising the warrants. They already knew Fannie and Freddie were about to enter the "golden age" of profits.
BIG PLAYERS. Just my theory: it's to their benefit to promote the warrants narrative (I believe credit is due to YanksGhost). They can accumulate up to 19.99% of commons before SEC filing requirements instead of being restricted to 4.99%. Both Ackman and Berkovitz have previously made offers to take over the corporations. Ackman prior to conservatorship, but after Hank Paulson informed a few buddies of his intentions. Berkovitz after NWS and about the time of his filing his lawsuit. It is so much cheaper for them to buy the warrants from the government for 79.99% of the corporations than doing it in the open market.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=31976991
https://www.huffpost.com/entry/fairholme-fannie-freddie-buy_n_4271381
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