Wow! Yes read that letter. Its a big deal!
Its to the Supreme Court justices, from the DOJ Solicitor General. It explains that shareholders have not been made whole, regardless of the BS that the government is feeding us.
That is, under the current agreement shareholders have to compensate the government still more money, in the future, because their interests in the warrants become increasing valuable as FNMA recapitalizes itself.
This means the government can, under the current arrangement actually continue stealing from shareholders, by diluting the shares and keeping that money. Its not like the shareholders havent paid enough already, they want still more.
This is the thief asking the judge if he can go back to the bank he robbed and pick up some jewelery he forgot to take during the first robbery.
Of course, the government "hides" the theft, under the guise of things like "net worth sweep" and PSPA.
I once heard a thief say, "no, he did not STEAL it". I confiscated it. Shakespeare says, "A rose by any other name would smell as sweet". Well, this isnt a rose, but it sure smells like horse manure the government is trying to feed us, to me.
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