Thursday, March 21, 2024 8:36:57 AM
Dated September 17, 2008.
As I have stated numerous times, I believe the person / persons that have consistently pushed for the destruction of the common shareholders possibly are working for the market makers. When the common holders of Freddie do receive the settlement and the holders of the shares find out their shares do not exist what do you think will happen? I will tell you what will happen...
THE COUNTERFEIT SHARES OUTSTANDING WILL COME TO LIGHT.
The cram down makes the counterfeit shares disappear.
TRADING FLOOR OF THE MARKET-MAKER:
The primary market-makers in these GSE's are Goldman Sachs (Fannie Mae) and LaBranche & Co. (Freddie Mac). These are the specialists on the NYSE where the GSE's are listed, thus all trades executed on the NYSE in the GSE's must flow through these market-makers.
Quote: “Without the counterfeiting of the GSEs shares and the concerted effort to manipulate the stock prices, the GSEs potential to raise significant capital would have been much greater and it is unlikely that the U.S. Taxpayers would be the conservators of these companies at this time.
This report shows why this is true and that illegal sellers of the shares of the two GSEs made a vast sum of money taking down these companies to the detriment of the U.S. Citizens. This report names who the key market participants are in the trading of the GSEs.” End of Quote.
https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf
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