"you can argue on message boards or you can file a lawsuit to fight it after the statute of limitations has passed either way, you're wrong, good luck."
Brad, Thanks, My arguments work only in a system where there is respect for rule of law, and accounting and math work the way they are supposed to work.
Anything is possible in any other system and so no arguments will work anyway.
Another great advantage FnF shareholders have is, FnF seem to be uniquely positioned in secondary mortgage finance system, and there are no viable private sector alternatives.
I can not be wrong because I have both Pref and commons in both FnF. In your case, you have the same risks as commons.
Moelis plan is not based on sound fundamentals. Bankesters can not force their restructuring plans on companies that are profitable and do not need capital without another accounting embezzlement.
PWC settlement in FL case is a proof that FHFA embezzled to impose SPSPA/NWS. Do you know what happened in case against Deloitte? May be this time accounting firms will not allow accounting embezzlement.