In other words, MW et al 'hood-winked' the Retail guys into thinking that the recoveries would be split '75/25%' between Preferreds/Common with NO CAPS on the recoveries, while in actuality the Preferreds Escrows are capped at a recovery to FV while the "Commons Escrows' get the Lion's share of the Assets of WMI Estate...He deliberately structured the POR that way so that HE would get the Maximum Profit for the Commons' Escrows, the Escrows he was holding.
Market Data 
Markets 
AI
