Hi Kthomp, I also think people are just not thinking through where we will be politically IF there is a landslide against Trump, the house republicans and the senate republicans.
Forget political capital in that scenario, we are actually talking reputational capital -- will Trump and Mnuchin want to be labelled as rewarding hedge fund buddies in a last minute, lame duck, move? You can see the headlines -- the "Biggest heist in US history" etc etc And what do they get back? Nadda -- nothing but trouble... And these folks are very transactional
Frankly, I think ACG looks a little implausible right now -- they may have a partner with friends in the administration but what is the word of folks in this administration worth? It is factional, chaotic, mercurial and untrustworthy...
So, I am really not seeing it on that line either
What is more interesting is whether a SCOTUS victory does much if Biden is in power? Can a Biden administration just continue the conservatorship, and refuse to pay divvies on pref, for ever? What forces them to change?
Sorry to be so negative, I have been "worst case" assessing all my holdings recently, alongside "blue sky" scenarios...
Thank you for your candid thoughts, I appreciate them
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