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Re: FOFreddie post# 751667

Sunday, 03/26/2023 10:28:28 PM

Sunday, March 26, 2023 10:28:28 PM

Post# of 798453
In a way its irrelevant what “law” we think applies as its only relevant what treasury themselves believe to be “legal” or not as they will not pursue an action they believe to be illegal. In this case they believe a senior preferred writedown in whole or part to be illegal, so they wont do it.