There is more......the Government claimed they wanted to be able to recover their losses should FnF go into Receivership, the Gov gave the Treasury Warrants to claim 80% of FnF 's common shares for $0.00001 per share..... there's was more, Treasury inflicked on FnF. Treasury adopted the net worth sweep where Treasury took every dollar over and above the cost for FnF to keep the doors open and the bills paid. Plus, Treasury labeled that money as dividends to Treasury and they could not be used to pay back principle of money FnF owed to Treasury. Then, Treasury attempted to expedite the “wind down” of FnF so Treasury could create it's own mortgage business to replace FnF. The goal of Treasury was to make FnF very small indeed. If Treasury would be successful, the reward was exercise of the warrants giving the Gov ownership of 80% of FnF's stocks.
Treasury did everything they could to cause FnF to fail. That should be an embarassment to our Government.
This is something the Government needs to make right.
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