Larry Kudlow - https://www.dropbox.com/s/soupvnqqu349wz3/20150718__Kudlow%20Show%20Fannie%20Mae.m4a?dl=0
Interesting. Is nobody worried that only pre-NWS are compensated?
Pre-NWS shareholders shouldn't be worried at all.
How exactly have post-NWS holders been screwed? Or more to the point, what reason does Kudlow have to believe that post-NWS holders have been screwed?
the pre/post NWS debate is meaningless; pre-NWS holders sell their stock and claims to buyers who become post-NWS holders
I've been thinking about how any compensation etc. payments would be made to past holders of stock.
For example, if Junior prefs are found to be entitled to past missed dividend payments, would shareholders who had owned the shares at the time a dividend would've been declared and paid, be due any dividend if they have since sold their stock?
I used to think they should be entitled to any award but now, thinking about how bankruptcy contract claims can be sold, I'm more inclined to think the reasoning would be that only current shareholders at the time of any court victory would receive any award.
Is that the way to think of it Cherzeca?
In other words, if I bought a junior pref today and the courts vacated the NWS and declared that junior prefs are owed all previous undeclared dividends, tomorrow, then they would all be paid to me because the previous holder sold their claim, in the form of a stock certificate, to me.