According to their regulator, they had $95 billion in capital in July 2008. (My first purchases were after Lockhart 's statement.) President Bush and Secretary Paulson have both given the reason for conservatorship as the need to provide liquidity to the financial markets during 2008 crisis. They did not need Treasury's financial support. So the warrants were "just given away for essentially free".
If you read the SPSA you will read that they cannot be converted to commons.
If they are exercised, I will sue. Many others have said they will too.
Why do you continue to support the false narrative?
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