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etzetrade

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etzetrade

Re: stoxjock post# 54995

Sunday, 03/29/2015 2:32:01 PM

Sunday, March 29, 2015 2:32:01 PM

Post# of 111152
I have 80K of Lehman's CTs. Hopefully, you are right.

Someone posted here before, saying Lehman's CTs are different with wamu's CTs. It is really beyond my knowledge. If so, the person means that Lehman's CTs are not equities.

Yes, wamu's ct is treated as equity per waterfall theory ( before preferreds and common).That's the reason that HFs manipulated CTs in a very sophisticated way in order to get all NewWamu. Even HFs tried to wipe out individual retailer holders.

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