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Tuesday, August 29, 2023 9:50:13 PM
In your dreams. This isn’t a bankruptcy, it’s going to be a win hopefully and you can’t screw one Shrholder class, especially the actual owners for another. All boats will rise with a winning tide.
You're right, this isn't a bankruptcy....it's a conservatorship, which is worse than a bankruptcy. In bankruptcy you have rights, not in conservatorship. But just like in bankruptcy, whoever has control dictates the outcome. The USG/Treasury has control. They will dictate what becomes of you. They have priority; they are the first to get paid and just like in bankruptcy, they will control the restructuring.
Treasury took the net worth as a dividend and you think they can't screw you over? LMAO
In order to exit bankruptcy, you either have to restructure (screw shareholders) or liquidate (screw shareholders...most likely). The same has to happen to exit conservatorship. There is no other way around it.
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