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Re: trunkmonk post# 12117

Sunday, 11/23/2008 11:52:46 AM

Sunday, November 23, 2008 11:52:46 AM

Post# of 46076
the treasury has an agenda against FRE

Actually, no. They're doing their best to salvage FRE. That requires the paying-off the toxic debt and honoring the purchase agreement with the senior preferred. The common are the bath water being tossed with the baby. Certain frontrunners posted that the purchase agreement was bullish and that the l/t was "boilerplate". One has to understand if a company exists because of toxic debt offerings and sales of its toxic debt, that debt, and those debt holders have to paid-off. The terms for their ROI take preference over the common. That was TOTALLY dismissed by the frontrunners. Tragic.