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Re: kthomp19 post# 772974

Tuesday, 10/31/2023 11:45:03 PM

Tuesday, October 31, 2023 11:45:03 PM

Post# of 796414

At the moment I think there is a 75% chance that Treasury will convert the seniors to commons and a 25% chance that they write them down to zero



You're an optimist. I think more like a 95% chance that Treasury will convert the seniors to commons and a 0% chance that they write them down to zero.