Many thanks Bluzie for your insightful comments. I'm new to the board, but very interested in DIMEQ. Please be patient with me as I may ask questions that have answers that have been covered before.
From the judge's comments and the last POR it seemed that there was an estimate that class 12 ? Creditors or " general unsecured creditors" were estimated to receive 74% of their claims when paid. Is this correct? If so, should the max amount of $347 million that LTW holders might receive be discounted to 74% of that amount?
The $64 M is to correct a math error. There is still a tax gross up issue of $134M. Lastly, the Judge's order, I believe, gratuitously awarded us interest say $5M. (I don't recall Steinberg requesting this feature)
I am still confused because it's the FDIC that has to pony-up the bucks so what does a WaMu reserve serve as?
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