I understand your thought process but your reasoning is wrong. The general public is the group that needs to be informed of the lawless behavior of this government and how the lending industry was the catalyst for problems experienced by Fannie and Freddie. The general public does not read the Wall Street Journal so any ad there is addressing the wrong audience, and besides, the ad cost is ridiculous!
Exercising of the warrants in addition to what has been paid would amount to what, about 3X repayment?
You must have lost your mind to even suggest such a thing! It's like admitting that you (the government)
erroneously nationalized us and prevented us from thriving for almost three yerars now but we forgive you anyway. #$%$!!!
It's not Frank. He can't write a sentence without misspelling words and butchering grammar. Not criticizing, just saying..............
Tim's not predicting the future however. The government is backed in a corner with no escape so a settlement is their only recourse. I feel sure the discussions of such details are well along the path!
The FHFA and its brilliant leader finally realized that UH OH, we're going to have to give all this money back so let's just hang on to this most recent installment!
Say it ain't so, Joe....say it ain't so! LOL!
Any attempt to exercise warrants also refutes the so called basis of the government's actions that Fannie and Freddie have no value.
To answer your headline question....yes, they are that dumb. Any lawyer worth his or her snuff is in private practice making truckloads of money off the seemingly dumb public. Those in the law profession that can't cut it in the real World work salaried jobs as public servants. This statement is not 100% accurate but 95% would be a good guide point. Ackman and Berkowitz's lawyers will, after all the game playing, eat the government's lawyers alive!!!
I would love to drive by the Jefferson Memorial in Washington and see this #$%$, DeMarco, lynched in one of those cherry trees! He shouldn't be allowed to share the air with the rest of us!