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Re: Rawnoc post# 3346

Friday, 09/19/2008 6:35:38 PM

Friday, September 19, 2008 6:35:38 PM

Post# of 56158
I figured as long as we're going to say foolish things like the conservatorship = 45 days

Rawnoc, I explained clearly about your seemingly purposeful "misunderstanding" of conservatorship v. Chapter 11 and the deviation from the standard 45 day stay.
I informed you that a 45 day is the standard stay for FDIC conservatorships per 12 U.S.C. 1821(d)(12). I explained to you that the FDIC is not really set up to handle failed GSE's. I explained to you that no OFHEO conservatorship team has experience in handling failed GSEs and thus the extended stay. I also provided you info that conservatorship provisions do not permit DIP management (see 12 U.S.C. 4619(a)(4)(B)(i)). Your response was that the info I posted was from an evil "naked shorting" website. Regardless, you either still don't get it or, for whatever reason, have decided to continue your crusade against the truth. So be it. Whatever floats your boat.

only marginable stocks can be shorted

Stock can only be shorted on margin.

common stock is a debt

Correct. And the debt offering to the common is wiped out in reorganization.

why not make up a few more things about this "terminal short" that absolutey exploded today that we were told to sell at 25 cents?

I never suggested you sell at ANY PRICE. I simply deferred to the toxic financing agreement & the the financiers hedge fund of 79.9% of the common stock.

Like I said, its a toxic pig. Hope some of the posters here were able to take some profits on Bushies' pathetic speech today.







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