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Fijas

Re: gophilipgo post# 1575

Wednesday, 09/14/2011 11:44:17 AM

Wednesday, September 14, 2011 11:44:17 AM

Post# of 3649
Yeah, the FJR ruling is driving the WAHUQ decline.

Basically, the court ruled that all debt interest gets paid at the federal judgment rate BUT that junior debtholders (re: PIERS) are obligated to uphold a contract signed between the debtholders, which states that the junior debtholders need to pay senior debtholders such that senior debtholders are paid in full, including contract interest.
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