Joe, isn't it the language "allowed claims" written all over the POR that trumps, we'll I mean really is what matters? There are still over 200bil in allowed claims, isn't it logical to think that class 3 and other senior/junior bonds have a large chunk of those "allowed claims" that are still left? Know what I mean? If 3 has recovered 26% so far, isn't that 26% of their "allowed claim?"
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