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Re: nt7110 post# 206744

Friday, 06/04/2010 3:49:05 PM

Friday, June 04, 2010 3:49:05 PM

Post# of 735098
NT7110 -- Thanks for sharing the article. Whoever wrote that has no clue what they are talking about. Just the two paragraphs below show the author has done absolutely no research:

That number won't sit well with anyone who lost a job or a retirement fund when
Washington Mutual collapsed. But that money would not otherwise flow to such
victims; it comes from the pot that will almost certainly go only to the former
bank's many classes of creditors.


Who says there will be no money for those that lost retirement money (hopefully they kept their shares, or are buying now)

The bankruptcy, now 20 months old, is a multi-front war where alliances
sometimes shift and new battlefields erupt frequently. But one thing doesn't
change_the hired guns are paid extraordinarily well to fight over a company that
has insufficient funds.


Nobody knows what funds are available because our teammates (weil - either don't have any numbers or are hiding them), so how can this bozo say they are insufficient.
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