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Tuesday, 11/25/2008 11:13:55 PM

Tuesday, November 25, 2008 11:13:55 PM

Post# of 731921
with full credit given to Yahoo poster "bopfan" from today...in subject: "Court Conference Call Sign-In Sheet Includes Major Distressed Hedge Funds"

"It leads to the sign in sheet of participants on a conference call in the case today.
As I discuss in his thread, MAJOR distressed bankruptcy investors (Silver Point, Halcyon, Owl Creek, and Resurgence) were listening in as creditors.
FYI, in bankruptcy an equity holder is a 'creditor'. Having these parties interested is a very good thing for us. My one disclaimer is we don't know if they've invested in equity; they may only be invested in WMI's debt (which I believe will yield a 100% recovery and I'm even more confident about this now that I know Chaim Fortgang of Silver Point is involved), but I'd be surprised if they weren't holding some equity, too."
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