News Focus
News Focus
Followers 1
Posts 25
Boards Moderated 0
Alias Born 08/05/2021

Re: kthomp19 post# 690879

Thursday, 08/05/2021 1:25:06 PM

Thursday, August 05, 2021 1:25:06 PM

Post# of 864362

The only remedy that both unwinds the NWS and conforms to the unchallenged original SPSPAs is for Treasury to return $125B in cash (the amount they received above the 10% dividends) and keep the seniors intact.



I'm curious how the liquidation preference is dealt with in the above scenario. Would treasury get to keep the current $254B in liquidation preference? Does the dollar-for-dollar increase in liquidation preference effect a taking the same way a cash sweep does?