The Primary Point is that the Money is There to Pay Everyone. The Community Reinvestment Act and a previous Government administration is sitting on our money. IMO, things are about to change for WMI/WaMu, Lehman’s, and F&F. Asset Backed Securities are Asset Backed and still performing by generating accumulated revenue. Capital Trusts are backed by capital assets. It’s not a debt, but owns other people’s debt to be paid to the trust. Ron
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