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marayatano

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marayatano

Re: jackson227 post# 40927

Sunday, 11/16/2008 2:17:25 AM

Sunday, November 16, 2008 2:17:25 AM

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I see what Moody's definition is, but what is Wamu's definition? Every entity has their own interpretation. That is why we have contracts that spells out your recourse. It should have been spelled out in the prospectus.

The thing I see is, if there is a merger or buyout, it would have to be up to the acquirer since they now have the assignment of liabilities.

Also, it would be spelled out i the reorganization plan which will hopefully be filed on Dec. 2'ish.
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