Dime Bancorp Inc (fka DIMEQ)

[wall_street61]

What do I mean? It's simple. There is a claims reserve for DIME. They get class 12, they get the reserve, ie 337 million, or equivalent value.

PIERS go poof, and whoever else under 12 (unless subject to a 9019), except for the value given to the preferreds and commons, unless they get hammered by the 2nd step death trap.

It's accounted for in the current plan version. Like it or not.