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Wednesday, September 18, 2013 11:24:16 AM
I will respond on this same post so come back here for an answer...
The debt ceiling will be reached up by mid-October ,early November. It is unlikely that the US Treasury would be able to prepare for an auction or other means to exercise the warrant on common shares or to offer the Senior Preferred shares, a doing that would be a precipitous move given the current share price and then its dilution with warrant.
The amount of money used of every month to pay the 80 million payments made every month is huge. Obama has said that he will not negotiate on raising the debt ceiling from $16.7 trillion, so it is not much of an issue. Borrowing and other extraordinary measures may just happen. Perhaps later that will be a consideration but not anytime soon.
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