Lol!!
Yeah, but how many years dealing with an illegal government conservatorship?
You guys need to look up restructure and conservatorship....and Waa-la! You will see different definitions.
Restructuring financially has been happening ever since the allowance to retain capital. Once that capital rule is back to where it should be.....Waa-la (Once again, lol) instant recap. There could be other events to accelerate capital requirement need. Like canceling of 1/4, 1/2, 3/4 or all of the seniors. Same with the warrants. They are supposed to release STRONG companies, not two weak, raped financially by JPS holders, so they can be dumped immediately back into conservatorship companies.
Bullish