HM, I found this old article on SA. Just as a preface to pundit, Troy Rakis was not known to know everything.
However, he reported correctly what he saw.
So back in 2010 - 2012, I remember that everybody was urging that every parties settled because otherwise the legal fees will eat up the recovery. So if we have 299B in the Estate, of course nobody cared about legal fees.
But the Estate is worth probably at least a few billions. But as this article mentioned, at the time, there was a 11.8B NOL and if the creditors took the Estate then they will get 82% return which is the value from the NOL. There was no mention of any other assets.
So my questions to you are:
- Were the HF creditors not so knowledgeable and know nothing about SH and securitized assets while the EC and our lawyers do know?
- In POR 7, the creditors were paid with deposit and tax return money but otherwise, they didn't dip into the Estate to get paid. So that 7B came apparently from JPM but it was not known in 2010. So the Estate was left pretty untouched for us.
So HM, do you think that there could be 24B left in the Estate that the HF knew nothing about, or is there only spare change left in there?
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