Hypothetically...IF the current Walrath BK court proceedings did not address or extend to common share equity, then we certainly would not be eliminated with the D.C. FDIC proceedings taking place immediately afterwards. Doesn't it seem like they are splitting this? JPM will cover bonds and maybe preferreds...while letting the common be addressed by the FDIC relief?
Using this scenario...given the back to back court scenario (and not concurrent), wouldn't this explain the shift to preferred shares with a smaller parlay on commons after the dust settles here? Possible?
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