I think Dick Bove recently commented on the veracity of the numbers on the books.
Something to the effect that they were created as a fiction to cover the governments questionable 13+ year conservatorship.
This may be the first time in American business were a 'conservator' has tried to take 100% of a Corporations profits for nothing in return and Dick Bove seemed to think some of these 10k and 10q numbers may be misleading.
What if these multi billion dollar lawsuits last more than 5 years? After the S&L crisis, the government, as here, fought tooth and nail throughout the protracted litigation.
Is the 2.5% capital mandated in HERA CET1 Capital? I'm sure if the federal government can pull off the biggest heist from private corporations in US history they will be able to figure out how to release them with less than $115B.
They do if they want to get out of the mortgage banking business (of course we haven't seen the outcome of any full blown trials yet.)
I TOTALLY DISAGREE!
I think at this point we can agree to disagree! You have stated your opinions and I have stated mine. We both could be wrong and no one really knows how if ever this ends!
Does that mean that you backing away from the instant recap and bankruptcy arguments?
I don't think the dilution solution will happen, Why? I've already been over this with you over and over and over again.
You are free to do whatever you want but I am just pointing out that the rigid stance on your thinking does have some possible holes, that's all.
Both common and jps are priced so low, we should both do well. GLTU!