~ Impressive Mr Cheese', Very Well Thought Out, Thanks ~
the financial generation of the securitizations within the CT's hasn't stopped, (in my opinion) ... the accumulated interest was used, and again in my opinion, able to be legally done' ... so, that's gone, irrelevant of ones thoughts of right or wrong. however, those days are over and the interest generation, like a turned-on water faucet, cannot be stopped until the year 2050 (ish) ... Their (CT's) Market Value, will eventually be dictated by the Market Itself, once the Reorganization is Implemented' and the CT's become "Asset Managed" ...
Some One (class) is going to be left short, but not the CT's, ... Some One will take a similar reduction in return, in the exact same fashion as DB' did within its "settled" 11.9% loss ratio within the "Globic" settlement. which ? in my opinion is the worst case scenario' for the finalization, as these packaged securitizations were not nearly as sloppy as the $65 billion dollars in long beach. but ? there has to be a loss consideration prior to the final implementation ... all of the cash' must be distributed to the creditor classes', the only actual "Cash' will be "Cash" that is and has been segregated and held within a Trust, (A Capital Trust)
Anyway, ... Have A Great Day and I'm hoping "everyone" has a financially and personal great 2022' ... (and highway, just calm down' these issues are obviously way beyond the obvious', these are world class attorney groups)
I'm looking at 2022 for the year that the plan is implemented' ... :)
just sayin'
AZ
