@Ron ... what is it you expect FnF to receive? What are we waiting for to determine amount and timing of any money back to FnF? ... e.g. are these being determined by courts or funds or trusts collecting money as the responsible parties make good or .... ? Are there any particular sources you are using that I could follow?
Trust Preferred (which are Preferred stock backed by corporate bonds - not the corporation !!) got paid (I forget what % - but I know I did real well buying in the panic
JPS and Common got stock in another company (which I sold - COOP? - and i think (unless there has been reverse stock splits) turned out OK
But Bonds got paid - TRUST preferred Securities (again bond backed not corporate backed) did well if maybe 100% or 80% ---- and all equity actual did not get wiped but best I recall got COOP stock
I find it interesting that I posted two related posts on COOP, and on LEHNQ, FNMA regarding the value of investments in ABS/RMBS. I received no relevant response!
The point is that the performing ABS/RMBS make all four corporations solvent. All four are awaiting the Derivative insurance contracts to pay up. Resolution releases the accumulation of funds with interest for the ABS/RMBS.
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