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Re: along4zride post# 777087

Thursday, 12/07/2023 8:22:50 PM

Thursday, December 07, 2023 8:22:50 PM

Post# of 796068
The government does not benefit from their retained earnings. Its value of the spspa is pretty much maxxed. At this point the main value in recap and release is locking in the current admins policy. Then there is money. The housingwire article from today gives a lot of good reasons and it resonates with lael brainards speech today. This is the first time lael has publicly talked housing. That in itself is notable

Warrants will be exercised. Common lack dilution protection against SPSPA being converted.. Common thus have no security. Preferred will be made whole.