Pretty much wrong. We've been operating 12+ years with very little capital and only the government backstop. We can continue like this while raising capital for the next 4 years. No dividends for anyone until whatever milestones are reached. Jps got a long wait. I think Yank was too generous saying JPS would get par in a settlement. I say 75% max since most jumped in only to be vultures if they were liquidated. So JPS has never been part of the saving and recapping of the GSE's so why should they benefit anymore than what is affordable?