so the Trump team preserves political capital to use it on other topics -- BUT you think that after losing an election they are going to do what will be a massively unpopular adminstrative action that will be condemned as "hedge fund giveaway"...
In a word, yes.
It sounds self-contradictory, but political capital in a lame duck period isn't very useful if the Dems hold the House, and especially if they sweep.
At the moment it's important because Trump + Congress needs to actually get stuff done. Just yesterday Maxine Waters released a letter asking Calabria to delay the capital rule, and it has the MBA's fingerprints all over it.
I just don;t buy it any more, the Rabbit from the Hat is likely not going to happen imho
I can't blame you. The idea that this administration will take a bunch of major steps in Nov/Dec/Jan when they have done relatively little so far does seem like wishful thinking sometimes.
I think the risk/reward justifies a position (the less liquid prefs will triple or so if capital is actually raised/seniors and NWS gone/etc), but that's just my opinion.