voo -- because he framed it right. As CWG has said, and Claww has said, and I have said -- there's APR when there's no agreement -- the strict version that the law applies when there is no negotiated alternative -- and there's APR when there is a negotiated alternative -- although *A* priority must be maintained to meet the "best interest of creditors test".
It's still priority. Up until now, there has been no negotiated alternative since the only 'settlement' was with the Debtors and FDIC/JPM. If Equity is then included, the situation becomes the negotiated version.
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