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Re: WithCatz post# 244089

Friday, 10/22/2010 6:39:49 PM

Friday, October 22, 2010 6:39:49 PM

Post# of 728964
Catz.. What gets me is "why would the debtors even worry about unsecured (veil) claims?" They are giving credence to a class, that does not qualify if the veil holds. Would the debtors be willing to tear the veil just to kill equity? That is a very hostile group if this is the way they are going to play it. They need to be shown the gilloutine.

I mean building a Waterfall of priority for Bond/Note holders to me, is a joke and a waste of estate money. You and I both know the EC and WMI Noteholders will be challenging this payout scheme they (debtors) are building.

Viv's post was great thanks

~Don~

Sometimes You Just Have to See the Light Thru the Trees !!!

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