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etzetrade

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etzetrade

Re: erevno post# 4168

Saturday, 09/11/2010 5:11:30 PM

Saturday, September 11, 2010 5:11:30 PM

Post# of 4849
Look the case of Cit. Cit was A>L. Both commons and prefs. were wiped out directly and indirectly respectfully. We are in BK11 court of neorganization, not in BK7 liquidation.

By the way, US government also lost 2.2B TARP money in Cit case. Cit gave US government 2.2B in pref stocks. Unfortunately, US government got nothing.
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