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Thursday, July 14, 2011 11:46:26 AM
Do you recall the coversation you had with NY Mellon the reason not to catergorize CTs under "guaranteed". If my memory serve right, the answer is "CTs will become subordinated notes". If so, then we lose all our privilege in Lamco. Also, we are under different sub-category as comparing to subordinated bonds.
Appreciate your comments. TIA
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