Thursday, January 11, 2018 7:55:25 AM
Total dividend to government from 2008 to 2012 = ($77B/$187B)/4 = 10%
Total dividend paid from 2012 to 2017 = $280B-$77B = $203B on $187B loan.
Therefore in last 5yrs, % of dividend paid to Gov=($203B/$187B)/5=21.7%
The junior preferred got ZERO% payment since 2012. Is it fair deal? If conservator increased dividend for Government/senior preferred from 10% to 21.7% and kept junior preferred zero% then it's not certainly fair deal.
The court should ask conservator to take extra 21.7%-10%= 11.7% back from government and apply to the principle even if court cannot force conservator to give dividend to the junior preferred.
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