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The Man With No Name

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The Man With No Name

Re: kthomp19 post# 793808

Tuesday, 05/14/2024 8:41:08 PM

Tuesday, May 14, 2024 8:41:08 PM

Post# of 794701

FnF's enormous regulatory capital holes cannot be filled unless the SPS are written down, converted to commons, or some combination of both.

Even with that happening, FnF would have to raise capital, and no capital raise is possible with the SPS overhang currently in place.



Exactly. I see no alternative to the example set in AIG.
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