I started wondering about that (selling the warrants in the open market thereby diluting commons) right after I made the post. This would open the door to many more lawsuits against Gov. Discovery, the whole nine yards. The exact thing Gov is trying to avoid and I believe the reason for all the delays. Gov won't get away with this. We are moving into the age of liberty, a Gov for the people. CBO itself admitted F&F belongs on the budget. Did Gov take any action to correct it's own self-admission? No.
FASAB Meeting Minutes, Oct 22-23, 2008
Mr. Steinberg said that with these GSEs having an implied guarantee for many years he wonders whether it is realistic to expect the GSEs to return to their former status. Mr. Torregrosa indicated that CBO saw the relationship differently. The government has effective control. CBO agrees that receivership and conservatorship are different. The GSEs are being used to attain public goals. Therefore, CBO believes they should be on budget.
Gov has not been conserving assets of these companies. Gov has been and is still lying to us on a daily basis. Gov continues to engage in cover-up. Gov was weaponized in a conspiracy against shareholders. Gov infiltrated shareholder legal representation and turned them against us. Hank Paulson engaged in strong-arm tactics threatening BOD's with dissolution if they didn't agree to fake conservatorship. Gov colluding with P's to destroy commons and on and on and on we go. Gov colluded with Deloitte & Touche engaging in accounting fraud through Mark-to-Market manipulation of accounting statements, fraudulently making F&F appear insolvent and manipulation of stock price securing for themselves criminal charges with RICO implications. We need a Treasury Secretary who will admit to past wrongdoings and negotiate a fair and reasonable settlement out of this, not continued cover-ups. Gov needs to fess up or face arraignment in court. The more they delay, the more costly it gets for them. Commons will never go away. FIGHT! FIGHT! FIGHT!
Infowars this past week was "auctioned" off via court order to pay for damages to Sandy Hook Elementary School victims on drummed up charges of fake news. The "auction" conducted by a court appointed Trustee, was changed 2 days before to one-time sealed submitted bids where the Trustee hand selected which bid to accept, weather or not it was the high bid. Disclosure of the winning bid was kept secret.
auction /ôk'sh?n/ noun A public sale in which property or items of merchandise are sold to the highest bidder.
The radical left, DEM controlled and funded, satirical news outlet "The Onion" was awarded Infowars. Turns out the Trustee deemed "The Onion" the "best" choice for the Sandy Hook families. Payment was never made for the "sale". Infowars was shut down Thursday and the crew was booted out. In a surprise reversal, the Judge for the case yesterday blocked the "sale" for lack of transparency and ordered Infowars back on line and the company returned to it's rightful owner Alex Jones. Meanwhile, MSM maintained silence on the Judge's latest order and continued with the shutdown narrative. Even Google search engines refused to allow the latest order from the Judge to appear in search results. Censorship? HELL YES!!!