I’m sure I’m miss quoting but didn’t Bradford also say they were likely too convert the seniors to commons? We need to add that as well… and a second ipo… commons are tough they can handle it going on 14 years in the abyss and not a flinch… .08 coming weeee
You are forgetting the $96 billion F&F had in their coffers at the time of the seizures. Also, I don't believe they took or were forced to take as high as your $200 billion mark.