Saturday, November 07, 2015 11:26:58 AM
i am not sure if they will reinstate pfds dividend as they are non cumulative and they need to preserve capital and easier to justify not reinstating. by the time they reinstate, the rate of return will be lower than other opportunities. there are folks in lalaland who think pfds will get paid in full as they are rooting for receivership. go get your heads checked. politically receivership is not palatable, absolutely not, it shows cship failed and moreoever there is no economic basis for it.
both win but more upside on commons. this way perry and fairlhome will be taught a nice lesson too (i again repeat we would have been better off without these lawsuits, it has created a dilemma as to how to release them with so many suits pending. i really think admin deosn't know how to deal with this mess. remember maxine waters said they don't know what to do)
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