InvestorsHub Logo
Followers 52
Posts 6722
Boards Moderated 0
Alias Born 11/18/2016

Re: obiterdictum post# 377917

Friday, 01/13/2017 11:59:14 AM

Friday, January 13, 2017 11:59:14 AM

Post# of 794962
We could do the math to see how much the overage would be from FnF's payments, i.e. total of dividends paid after these "loans" are paid off.

However, the bill doesn't appear to address what is done with those overages or the fate of the senior preferreds. If the government returns all money in excess of what is calculated ("loan" overpayment) and cancels the senior preferreds, we could well have a nearly instant recapitalization. But since those are not addressed, I doubt the intent of the bill is to recap the companies.