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Re: Robert from yahoo bd post# 634762

Tuesday, 09/29/2020 7:22:56 PM

Tuesday, September 29, 2020 7:22:56 PM

Post# of 797187
CET-1 Capital is defined by Common equity and this is the most important factor for the GSE's release from Conservatorship.

Converting ~$33B in JPS to Commons adds $33B to CET-1. That's how it improves the capital position of each GSE.

No Conversion means the GSEs will need to sell an additional $33B in Common shares to make up for the CET-1 shortfall.

Bove:


Congressional Budget Office: