Saturday, April 03, 2021 12:50:39 AM
He agrees with the 10% dividend to Treasury, when FnF have special borrowing rights from Treasury in the Charter.
He also is reluctant to challenge the warrant until it's exercised. So, he, in truth, is negotiating exercising the warrant and later start a multi-year litigation in court with a "derivative claim" (he says), when every action like this one, can only be challenged as a breach of one of the statutory provisions that he covers up. For instance, the warrant is a security that the UST was only authorized to purchase under its TEMPORARY authority in HERA, "to protect the taxpayer". A protection means a collateral of its investment in SPS.
Another "accessory" working for the investors that want to rip us off.
Guido and Fisher praise each other as mandated, but this is my award: cookie?
They fool no one.
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