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Friday, November 06, 2009 1:08:12 PM
You spoke of both the bank, and WMI in your post, you stated that creditors of the bank would come first, so WMI wouldn't get paid until the creditors do, but if the entities are not the same, then how does WMI have to wait in line behind the bank?
WMI IS one of the creditors of the bank, the bank owes WMI BIG-TIME, so again, your statement implies WMI will be one of the FIRST in line to get paid. And I agree with that statement.
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