IMO...go to the FDIC website and look at the numbers yourself and add them all up.
Draw your own conclusions...but I still stand by my estimates of 26% certificate participation in beneficial interests in MBS Trusts which comes out to approximately $172 billion cash (using a 95% liquidation rate of all MBS Trusts).
Read all my posts...I detail all my calculations and all the public references with links. There is no hidden/insider information in my possession it’s all in the public’s purview...you just have to look for it.
I’m not here to convince anyone to change their minds...I’m just sharing my own opinions (whether it’s right or wrong).