Brahm

Rescuing Frannie

Yes, the self-serving upper management should go. There is also practically little left to justify shareholder control or influence for these entities. I hope the Government would appoint auditors to assess what is left that is due shareholders. My guess is "Nothing." As regards, the preferred shares, the holders should also bear some responsibility and take a haircut to teach them a lesson on responsibility. They have been enjoying the good income (and good times) for years without using significant brainpower in doing so.