There has always been money to settle all claims below 19. The problem is the milking. Lawyers will delay and delay. Just as they did piers. We knew the EC claims were not part of the bk and would be jpm problem in the end that is why they were denied so many times. Now the EC claims are done let’s see how long to go to the next phase. You also have to realize hosen knew this as well when in November he spoke of special distribution. All other claims would be settled or denied immediately and the bk could be closed. However another delay with same outcome.
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