Another investing genius, you wait for the yearly low, after it just shaved off 15 percent and then decide to go short? You and the person that just sold at the bottom should get together and swap portfolios.
FFO is not going to be affected even if some of the bonds will be adjusted down. It could also raise the value if they are now marking those instruments that are kept to maturity. lets hope we know soon.
The market from my years of experience knows something and it's not good. The cold reality is this will not see three dollars for a long long time. Hope i'm wrong but the market is telling us otherwise!