All the remaining separation of power cases plaintiffs left (collins/bhatti/rop) are asking for the snr pfds to be converted to common. So there aren't even any lawsuits left with plaintiffs that would be against snr pfd conversion, in fact its the opposite, they are requesting it!
The real number for balance sheet consolidation is also >95% not 80%. UST owned 92% of AIG via preferred conversion to common and no consolidation was required FYI.
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