At the time of conservatorship, assets of F&F were eight times that of their liabilities. There were other options available to shore up their balance sheet, like access to the debt markets for better than a 10% usury rate.
This deal you mention as being exclusive to F&F and no other firms, an 'economic/business arrangement' with the company. Is it the same deal that was forced onto the board of directors of F&F by Hank Paulson, James Lockhart & co. ?
Were F&F shareholders as legal owners of their companies given any choice in this 'business deal / arrangement' or was it one sided and coerced with ulterior motives by an unscrupulous and overzealous government. A valid business deal can only be honorable if mutually agreed upon by all parties inclusive.
Wonder why F&F employees haven't spoken out, even on a message board? Perhaps a 'Gag order'? and if so, what's to hide? This economic / business arrangement reeks of political subversion to it's core.
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