We agree to agree that assets have liabilities and have less value than its face value.
We agree to disagree that the safe harbor assets may or may not be that huge.
:)
My guesses are derived from a fuzzy feeling such as:
- If the return is much much more than 10B then the 75/25 split til the end that POR 7 devised is clearly a theft in broad daylight by the HF who own most of preferred while the small guys don't bother to read the fine print and buy commons. We cannot have P preferred to have much more than $1000 per share face value. I own only P and so I cannot complain but I think it is very unfair for common if this is the case.
- If the return is so huge then why drag on the employee claims for 6 years and then dismiss their claims?
- If there are so much money to be returned, there ought to be a leak somewhere, that JPM didn't get much from stealing WAMU or the hundred of billions have to be hidden somewhere that nobody notices it.
And last as a general answer for other people, the evaluations of Dr A or the examiner were not for what are left after JPM took WMB, but for the value that WMB or WMI once have and JPM should pay more than 1.9B. I forgot who asked but at one point, it was asked for a return of 13B and that includes the 7B due to the creditors.
And SG knew how much we will receive in the ball part by signing POR 7 but it could be just between 5B and 10B and they recommended us to accept knowing that litigations will take money and time and we may not win anything at the end.
Such as the employee claims. The people who settled earlier got something but the ones that kept litigating until 2018 get nothing because their claims are dismissed.
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