IMO...my estimates of total recoveries can range from $36.7 billion to $407 billion.
The exact numbers for my recovery scenarios are not important right now. I believe what’s important to focus on is the actions of the insiders.
Who are the most important insiders?
IMO...the most important insiders are:
1) Bonderman et.al. = owns and released Class 19 & Class 22 claims
2) Underwriters (Morgan Stanley, Credit Suisse, Goldman Sachs) = settled and released Class 19 claims
3) Ex-employee Claimaints = fighting hard to be allowed to release their Class 22 claims (Vested Equity Interests under the Equity Incentive Plan which the FDIC stated is under the disallowed “golden parachute” provisions)
All of the above have or are fighting for (Ex-employee Claimaints) WMI Equity Escrow Markers.
IMO...Follow the actions of the insiders...their actions imply that there is value in WMI Escrow Markers!