There you go again making bad comparisons smdh... conservatorship is not like a chapter 11 (as much as youd like it to be). Its important that we know the differences, otherwise whats the point in having different words/definitions/processes for both. I can say an apple is like a watermelon both fruits but the comparison doesnt help us. I agree the gov can do whatevet they will like as they always do, but i dont believe its in their best interest to dilute into the ground. Commom shareholders have always have very little protection compared to preferred that isnt new, thats why the reward is typically higher, everyone already knows this.
Bullish