The Zombie Dancers

[VivaLasVegas]

There seems to be less 'corruption' in Lehman.
WaMu is just a mess of the legal system and big business.
It's truly disgusting if you ask me.

My take in this whole BK process however, is that 'spoils' should be shared amongst all classes to a certain extent. Senior Bonds should get the most but the rest of the investors shouldn't end up with Zero. Everyone lost so they all should recover something. This 100% first Absolute Priority is garbage in my opinion.

Lets see what we get. What's your timeframe for any recovery?
Months or many years?


Cheers to you Mic!