Swiss, I don't recall saying that. You have that in quotes. Can you post the link to when I said that?
Best I recall is once the European courts ruled that the LBHI bk and LBIE BK would remain separate I never looked at anything LBIE until cotton started talking about the ECAPs. I don't know how I would said it was obvious that they would receive a recovery.
I could be wrong. You have a quote. Post a link and prove me wrong.