The United States Treasury should NOT be taking a divy from FRE to the tune of 1.1 Billion dollars. After all the Government did not invest in these Financials to make money. But, to support them through a savage downturn in the economy.
FRE would be far better off if Treasury converted the prefered into common shares. FRE would be far better off and faster to return to it's feet.
It like the Treasury is taking money from a cripple person.
Enough with the Buffett Critics [View article]
FRE would be far better off if Treasury converted the prefered into common shares. FRE would be far better off and faster to return to it's feet.
It like the Treasury is taking money from a cripple person.
Time to convert....Tim