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Friday, February 23, 2024 8:53:06 PM
Thanks to him for his continued research into Libor for us.
He thinks Libor will settle for at least $114B and that could be done soon, maybe before Apr14, but at least by EOY.
I would say that if they settle for 114B our escrows could get between 50-80B. BP posters on this think 75 25 to the end of course. That would give Ps 4-6x I'm guessing. I am being conservative.
Also, way back when, Rosen said that escrows only chance to get any money might be from Libor. Well he may have been partially right back then.
My feeling is once Libor settles and those funds are distributed, the receivership can close and the big waterfall can begin. That's what the big boys are waiting for. Did JPM already pay $300B for the bank (to avoid yrs of interest) and those funds are now "invisible" (per bop) until the R closes?
On another note, Judge Buckwald being 79 may relate to many of us older investors who have waited 16 years, and she may want to make this right so we can live out our remaining years with just restitution for the wrongs that were perpetrated against us in the wrongful unjust 5th amendment taking.
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