They were only markers, with no intrinsic value. Why SHOULD they be tradeable? It would have been a sole gamble. Some would have paid $0.10, some $5 because they believed the return will be $7 or $10 per marker. And in the end, they are worth $0, ZERO, nothing as we can see now. Oh wait, we cannot see them any more, they are already removed from our accounts as worthless...
Don't get me wrong, I had XXX,XXX Us and XXX Ps and had preferred another outcome!
JWW, Let's say you are correct.
What was the point of making our released escrows UNTRADEABLE?
imo, It was so the 'injured parties' would not be cheated of the possibility of getting some of their losses back.
Now, if the $$ is coming to COOP, the whole point of untradeable escrows is thrown out the window?
Every latecomer is rich, at the expense of those truly injured?