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Thursday, December 30, 2021 1:55:13 PM
Therefore, the only way for the government to still make money out of its "investment" is recap/release and, if necessary, exercise the warrants and/or convert the SPS in whole or in part into common shares.
The government has already received 10% per annum on its 'investment' in the gses.
Why would new investors put a dime into a public/private partnership when their prospective partner has spent the last 13+ years raping and pillaging their private capital, requiring only the most deep pocketed investors to take on their wayward government partner with hundreds of millions in legal fees and litigation measured in decades?
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