Sunday, May 26, 2013 11:23:58 AM
The “79.9%” owned by the government was designed on purpose--with 80% or more, FMCC would be considered a federal government owned business and not a GSE or in conservatorship status. Paulson, who made a bulk of his fortune on the housing collapse, had a hand in designing FMCC’s 79.9% conservatorship status. The 79.9% left the door open for possible future privatization—this is what we’re betting on.
Paulson made a fortune on the housing collapse and if he gets his way he’ll make another fortune on its recovery.
The 90% dilution figure I used is a “rough” and conservative estimate. Please do your own DD and let me know if you find anything different.
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