"And the buyers are just going to overlook how the last shareholders were treated so the plan works! "
whipstick,
Thanks, This is the most fundamental flaw in Moelis plan.
In 2008, revolving door banksters and FHFA fomented the crisis and then used it as a pretext to force conservatorship/SPSPA to benefit their cronies at the cost of their rivals.
FHFA's main job is to destroy FnF and affordable housing. FHFA is the foremost enemy of FnF and affordable housing.
Only way to force Moelis plan will be, to foment another crisis. FHFA has almost set the stage for another crisis. If another crisis starts then DJT and GOP can say goodbye to second term.