Thursday, November 11, 2010 6:47:30 PM
Yes, I did, however, I admit I forgot that I did. While I can admit any wrong I have said, I cannot say the same for another person.
My position since then, is CT has a better chance under substantive consolidation, but not guaranteed recovery. yes, guarantees are thrown, but subordination provisions may be enforced. CT = Lotto play for me.
Does a certain person hold a grudge against me? Yes. =D Spend about 60 days looking through a certain person's posts is a very determined person. Person may not having anything better to do. 8^D They must be the President of the "marayatano fan club". I didn't know I was soo popular. Yeah! 8D
Well, i see a certain person was so sure that CT's will be paid under substantive consolidation, but now, this person is saying, eh, CT have 50/50% chance at recovery, and does not want to influence anyone one way or the other on how to invest, when that certain person was so sure under substantive consolidation that all will get paid before. I guess someone is not so sure any more.
If I were to say that I do not want to influence a person's investment decision, I would be called a basher and my intent was trying to influence others to sell. All I am doing is expressing and sharing my thoughts all the while saying to diversify yourself and NOT go all in in any security.
My, how things have changed, I now see this certain person making those same statements.
On a side note: In Wamu, they enforced in Wamu (non-substantive consolidation), but according to a certain person who kept on saying that Wamu Caps were paid under a guarantee. I said it did NOT matter because Wamu Caps are subordinate even under a guarantee. Under Wamu plan's as it stands, they chose to enforce the subordination provisions.
See link: http://www.mediafire.com/?qlmw9wrbbtco6tw
For the record, my Lehman sub bonds are negative 98%
Have a nice and productive day.
imo
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