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Re: A deleted message

Monday, 07/06/2020 6:58:20 PM

Monday, July 06, 2020 6:58:20 PM

Post# of 801223
I guess paying 5-7x the market interest rate is something that Commons look forward to.

Because to pay the Jr. Preferreds those exorbitant yields means Commons will see a much lower dividend as a good majority of the GSE's profits will be going to pay out ludicrous JPS Dividends.

Not to mention, the GSEs will need to dilute existing Commons by an additional $33B since JPS don't count towards CET1.

Amigos, we're in for a LONG road of heavy dilution. Selling the Pop (knowing FNMA Always Drops) seems like the best approach to take for the foreseeable future frown