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Thursday, August 27, 2020 11:03:32 PM
Gotta spend money to make money, right!?
Except, the GSEs can't spend capital while trying to raise $100-150B in new capital.
And the JPS aren't going away without a juicy Conversion to Commons or Big Dividends wink
The JPS don't need to go away. They can stay right where they are.
Non-cumulative with dividends turned off until 2024 the end of calabria's term. wink
It's coming amigos.
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