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steved_45

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steved_45

Re: Joshfm post# 20764

Saturday, 04/17/2010 11:41:16 PM

Saturday, April 17, 2010 11:41:16 PM

Post# of 42851
So what would the disadvantage be to the bondholders to pay off preferreds under your theory? In other words, why would bondholders not want pref's to get paid a higher rate of the NOL's? If pref's got 50 cents on the dollar what would stop bondholders from still taking over WaMu and running it?

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