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Wednesday, May 26, 2021 10:20:26 AM

Re: SamuraiProgrammer post# 657300

Post# of 690626

Here are the results of the math I promised you:

The assumptions:

These (with the exception of the assets) may not be exact but they should be in the ballpark.

There were 2,906,421 P's released.
There were 18,166,565 K's released.
There were 1,194,340,178 commons released.
Interest on P's and K's is computed at 12.75 years (close I think)
Interest on P's and K's was 7.75%
Bankruptcy remote assets of $600B (AGs number - I have no idea)

Interest on P's $988.13
Interest on K's $24.70
Interest on Q's $0.00

With 75/25 split plus interest

P's $ 132,414.16
K's $ 3,310.35
Q's $ 124.19

Without 75/25 split but with interest

P's $ 1,988.13
K's $ 49.70
Q's $ 493.96

If AG has her way, common escrows will be worth (at most) 25% of what they should be.

Forget about the 1% recover due to UWs and how Class 22 should bear that cost. That is distraction. PARAGRAPH 24 SHOULD BE THE CENTRAL FOCUS!!!!

I own all three 'flavors' of escrows. With my mix, if Paragraph 24 is upheld, my returns will be around 1/2 what they should be.

AG is NOT my friend!
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