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FOFreddie

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Re: LuLeVan post# 773018

Wednesday, 11/01/2023 12:22:45 PM

Wednesday, November 01, 2023 12:22:45 PM

Post# of 803692
Hi LuLeVan,

Turning on the divs for the JPS is a great way to settle the JPS suits if the UST ever wanted to. The conversion of the JPS would really help meet CET1 goals by bringing in $ 30 bn of common equity. The GSEs can always issue more JPS over time but the question is at what interest rate? The 5 pct series are looking pretty good now.

My question is why whatever Calabria reported about McNuchin relevant? Calabria was a Mike Pence guy who now is irrevelant in GOP politics and McNuchin has not come out in support of DJT in past years to my recollection.
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