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marayatano

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marayatano

Re: stripus post# 7352

Sunday, 02/12/2012 9:35:13 PM

Sunday, February 12, 2012 9:35:13 PM

Post# of 111860
IMO, the guarantee on a subordinate security are worthless because they are contractually subordinated to seniors. If they pay on the guarantee, the seniors will take it away.

Plus, the trustee never put the guarantee in their proof of claim.

imo
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