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Joe Stocks

10/16/21 10:11 AM

#95958 RE: SwissCheeseAccount #95956

Swiss, The difference between the ECAPs and LBIE bonds is more that semantics. They have different risk profiles. Just like LBHI senior bonds and the CTs. ECAPs were never mentioned in any of the posts you link. And the one you imply that you did that you said was deleted I quote you >>"didnt put in the hard work to buy LBIE debt when you knew it would reach a 100% recovery." <<

You wrote in one post >>"how come you didnt try buying lbi and LBIE debt?" <<

The whole discussion was about LBIE and LBI bonds. ECAPs was never mentioned.

You said I said "“it was obvious from the very start that ECAPS would see a recovery”

I said I don't think I ever said that about the ECAPs. Then you post several examples with no mention of ECAPs to prove I am wrong. Fine. What makes you think I care if you think I am wrong? Think that if you want.

Weird.

Joe Stocks

10/16/21 10:17 AM

#95959 RE: SwissCheeseAccount #95956

If you read the article you link it says nothing about making "large" money on ECAPs. You do know that ECAPs and LBIE debt are not synonymous, no? ECAPs is just one subordinated financial obligation of LBIE.