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etzetrade

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etzetrade

Re: ivan78 post# 2437

Friday, 12/03/2010 9:46:58 AM

Friday, December 03, 2010 9:46:58 AM

Post# of 111251
However, the gap is too huge to make up. Moreover, CTs are subordinated to senior debts. Think about this, if senior debts are unable to recover 100%, CTs have no chance at all. That is the reason that CTs are at such low price.

The only chance to recover is that, like Linda says, debtors propose substantive consolidation.
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