The BK would never close if you had everyone getting in line for some of the holding companies assets.
Look how long and frustrating it was with just the bank.
The hedgies want their money and they don’t get anything if we don’t get anything.
This has never happened before, so none of us know what to expect. Average shareholders were always forced out, as would we have been in POR 6.
2020 is going to be a great year with many answers.
I’m hoping we are all shocked and surprised by the returns.
AZ said “significant, not ridiculous”.
Significant is a relative term.
If your average on “P’s” were in the $8-$12 range, significant could mean 50,100, maybe $200?
If you paid face, at $1000, significant would be $2k, $3k?
But that would then be ridiculous for the people with a $8-$12 avg. lol
Significant to me would be somewhere between $10B and the Dr’s figure of $86B
Ridiculous would be the 100b-300b to 1.4T in MBS.
But anything is possible at this point.
I’ve learned not to put a number or restriction on abundance.