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Tuesday, September 10, 2019 5:12:49 PM
With that, they will probably revert the over-payment to capital (which Collins settlement anticipates)
If they do not do this... Calabria's wish for "lawsuits to go away" is not met. (Anticipating that KTHOMP will cut and paste and ask how I know this)
With that capital and capital from Preferred conversion they are well on their way to yet-unreleased capital requirements.
Didn't Mnuchin say $100B in round figure?
Didn't the Stress test say $43B or some lower number?
You guys have beaten the "Warrants are illegal" to death, but no lawsuit, except maybe Washington National challenges this point. AIG lost on that point.
Govt & taxpayer sitting on a big number with the warrants and a common valuation north of $10.
0. End NWS
1. Govt. needs to set the g-fee / insurance or whatever you call it.
2. Govt. needs to pick an I-Bank for the SPO
It's literally now only a couple decisions away... maybe they wait until November to see that Congress isn't acting and then pull the trigger.
It is coming, so be prepared as any one day could be the day.
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