Where is that requirement established?
I said this is the “basis” for current market value. You got me that there will be no “requirement” to pay this price. I wouldn’t want that and you shouldn’t either. If Paulson starts with this bid, it is possible that free market investors can step in and bid a higher price.
If you are thinking that Paulson would be paying more than the market price these firms are currently using on their balance sheets, I really need to get out my tin foil hat. I don’t deal in these conspiracy theories!