Quote: “Furthermore, by design, the warrants were issued not to take ownership but rather to devalue the common stock.” End of Quote
Quote:”Driving the stock market value to zero prevents this manipulation from happening.” End of quote page 24
Theory: The Treasury may have opened two trading accounts in an attempt to drive the share price to zero ‘0’; The first account used to naked short sell (creating counterfeit shares) Treasury short selling these counterfeit shares to itself to the second account which would cancel out the trade, as if the trade never happened in the sense of possession of real shares, DRIVING THE PRICE PER SHARE DOWN.
Makes a person wonder if the Treasury has purposely kept the price per share down all these years.
Nevertheless, it’s obvious the Treasury never intended the companies to recover. The powers that be intend Congress to wipeout the GSE’s, this waiting has lasted 15 years.
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