I posted the difference between chapter 11 and conservatorship numerous times. The logic of JPS is that it's the same. If the government ever mentioned bankruptcy, there would be no way possible to raise capital. We are where we are because of multiple bad moves from different administrations. Like MC....did he do some good things?, possibly yes, but he did some bad things also towards the end of Trumps administration. I expect these detrimental moves were because they knew the release was not going to happen, not enough time. So since congress and those involved would not cooporate, MC and Mnuchin went with weaving a new spiders web for the next administration to untangle. it's all political gamesmanship.
JPS ignore these facts and constantly think a liquidation or partial one needs to happen to pay them a fortune. There's absolutely nothing that says government has to do anything with either share class. They have to do something to the companies to make them stable since government has spent 14 years robbing them of their chance at stability. If level heads prevail, they will cancel everything, put us back to where we were 2008, meaning refund overnpayment or minimum, refund our 90 billion stolen capital from the beginning. Release under consent decree until we meet whatever new capital standards bench mark. All the while they do absolutely nothing to commons or JPS. They concocted the conservatorship in a matter of weeks, no reason it can't be reversed the same.
Government may have to admit wrong doing or pay some of the legal claims, but courts should demand this from the government for playing legal games and not doing what they should have been. Call it their moral hazard penalty.
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