Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don't wish to be assumed to be one. I make losses frequently. I think there is a psychological play going on here. It seems mostly everywhere is showing a 24.7% recovery to the unsecured banks ( meaning for every $100, they will get back $24.7). It is not accurate . Instead, the recovery to unsecured banks are in a range of between 24.7% to 38%, depending on how much of the contingent liabilities materialises.  24.7% is the worst case scenario that the unsecured banks will get. They could be getting back 38% too. And it seems...