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Post# of 796691
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HoldenWalker99

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HoldenWalker99

Re: KenKong post# 649504

Sunday, 12/06/2020 11:01:11 PM

Sunday, December 06, 2020 11:01:11 PM

Post# of 796691
Warrants were not collateral. They were intended to give additional profits to taxpayers.

If they were collateral against GSEs not being able to pay the dividends on their draws from Treasury, and those dividends could not be paid, the warrants would be worthless. How is that collateral?
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