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Monday, March 03, 2014 12:07:00 AM
The author is referring to the legal necessity of transferring the entire GSE debt to the US Government books if the Government would have taken 100% ownership of the common shares, instead of warrants for "80%."
The preferred shares are shares of stock. See the stock certificate here: http://www.fhfa.gov/webfiles/23894/certificatefnm2.pdf
If you have information different than what is in force at the moment, please present it.
He owns over a billion dollars in GSE preferred and common stock. Should not the public, shareholder-owned companies respond in some manner other than stonewalling to their largest private shareholder?
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