Bombshell! The reason why the Plan of Allocation has been postponed.
The plaintiff Bryndon Fisher is urged to withdraw his appeal with a Taking case.
He works for the DOJ. There has been no Taking. Conservatorship.
If any, a Taking must be properly announced today and our stocks taken over at their adjusted fair value.
The JPS aren't necessary for a Taking (no Voting Rights). So, either they stay in the capital structure or they are redeemed by FnF at their fair value of Redemption value (corporate decision), as they would no longer be necessary as AT1 Capital and Core Capital.
The hedge funds, JPS holders, are annoyed with the stock valuations. Sorry but this what fundamentals is about. Buy bitcoin if you want a scam.