I actually do know a lot about restructurings this is entirely different. This is government interference with a public company that has all but nationalized the corporation. If the government owns 99% of the float who is stupid enough to buy it? They are supposed to release the companies back to the public. If they own 99.9% of the company is that really releasing them? No. It’s easy to drum up a few million in debt from private equity to post out a news release to pump shares and dilute them out to repay. This works for $1-100m it isn’t nearly the same when you need 10s of billions. Everyone understands if government interferes and screws everyone once they’ll do it again when it suits them. Fool me once shame on you fool me twice…
It seems that all village idiots don't know that Bankruptcy and Conservatorship are different. FNMA is under Conservatorship, what's so hard to comprehend. Your GSE pref Bankruptcy malarkey needs major restructuring and reading skills.
With the internet, you'll be able to find what you are looking for, there are even pictures to simplify learning different words. Good luck on your quest.
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