this for sure gives us breathing room that could well have disappeared
imagine if F and F drew money from the GOV --- BAILOUT
I can not imagine in that situation a good outcome for us
This suspension (at minimum) to accumulate "enough capital" needs to be confirmed by Mnuchin and we double
Then we should step back and think --- ? restructure ?
preferreds v common ?
but the first jump - if it happens - by say 50% - is if Mnuchin says that Treasury is all in with this suspension and timely and small build up of defensive amount of capital
How in the world do you conclude that "the move to R&R is ON " when it was reported..."“The objective here is not to recapitalize these entities in any fashion,” Ryan said. "" How can you spin that?