I say - screw the U's --- thats why we are in P and K's PREFERREDS... I will fight any kind of haircut I must give... that is not fair to the shareholders of investment stock... we preferreds must be whole before anything goes to U's...
If they want they can invest in the PREFERRED Groups.. plain and simple and if i want I will invest in the U's... which I wont due to the Priority scenerio...