Calabria was also against the N W S. When you look at Calabria and his positions, you have to look at the facts on the ground and determine from there.
The right thing to do back then was r ship. My peoples believe in this. R ship would have prevented many headaches and give the gov max control. But, that did not happen. We have c ship now. I think Calabria is fair minded. He is going to deal with a c ship now. When the NWS came about he was against it. My peoples like Calabria because he is likely to support the end of the c ship more than anyone else. That is a good enough play for my peoples to start. Once c ship ends restructure will be likely. R ship is no longer possible or very unlikely. Calabria also will unlikely do a recap and release. Calabria is cool to replace Watts.
For commons, ending NWS is great money. For preferreds, its RV. Calabria imo is an ok pick. I am cool with it.
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