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marayatano

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marayatano

Re: radiumsoup post# 7318

Saturday, 02/11/2012 5:39:47 PM

Saturday, February 11, 2012 5:39:47 PM

Post# of 111153
ZXC is talking about paying interest on CTs, while seniors are not paid in full.

That said, you cannot pay a junior security while a senior security is still in deficit of principal. Subordination.

imo
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