Interesting thoughts, zulual. But the four prospectuses guarantees state only the full monty plus in cases like BK. If we turned into equity, then what happens to the folks who hold OBS? They are there for a reason - dunno what, though. Pappy isn't good with info these days.
All four Cts are northward of $30 in fv and interest - should make the greedy people happy. All it takes is the Trustee to do their job. For a clue, watch what happens mid month of March with WAMU. JPM is the key. Just sayin'.
In the meantime, have a few Sinatras, belly up to some yardbird and we are all gonna fine.
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