Bubba, the pfd being retired at par, makes sense. They are going to retire at somepoint. As a shareholder u want to close those liabilities as quick as possible. Pfd was all the trend when commons looked dead. Now it looks like we are once again gonna run like a real company. Pfds don't look so hot. Safe but not hot. It's like hitting on the ugly girl at the bar...u gonna get paid.
Calling for shares to be diluted and preferred to be retired at par is just a way for non-investors to feel better that the government really stuck it to big corporations...
And they hate investors because they themselves cannot invest. Or are too lazy or risk adverse to do so.
Obama's admin hated business... and GDP suffered because of it.
Trump is better for business than Obama ever was... and hopefully him and Mnuchin will let everyone profit, not just the government, not just the tax payer, but also share holders.
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