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Joe Stocks

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Re: stoxjock post# 105336

Thursday, 02/09/2023 12:25:23 PM

Thursday, February 09, 2023 12:25:23 PM

Post# of 111545
If the debt is exchanged for debt, then the debt no longer exist.
Think it through. Where does the $31bil in cash come from? There are only two parties - the creditor and Lehman. Surely the creditor is not going to come up with $31bnil in cash AND cancel their debt.

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