The underwriters do expect the minimum of the 10 billion to be returned but they know there is more recoveries than the 10 billion.....so as they ride it so do all P's and U's.....
It was said by DMD that there could be anywhere from 12 billion to 400 billion........
DmD You nailed it.....as more information appears it seems that your numbers at minimum are going to be hit, everything above that will be icing on the cake.
I am sure they are chomping at the bit now waiting for this bk to close out, like the rest of us.
$10B is a no brainer the way I see it. The judge had a pretty good idea of what was behind the curtain and she knew 1 posit was doable. It was no slip of the tongue. Judges at her level choose their words very wisely.