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Re: Desperado90 post# 108606

Thursday, 10/15/2009 3:11:09 PM

Thursday, October 15, 2009 3:11:09 PM

Post# of 749756
False. The creditors own the company. There is no equity at this time, hence no Equity Committee or representation. If the judge ever rules that the $4 billion is WMIs, then there still won't be any equity.

Please keep in mind that TPG lost their protection of their investment, and that does not mean that the rest of the shares are now somehow protected because of them losing their protection.

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