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marayatano

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marayatano

Re: littledevils90210 post# 8741

Monday, 03/19/2012 12:25:54 AM

Monday, March 19, 2012 12:25:54 AM

Post# of 111126
The CTs recovery is based on sub bonds. Sub bonds have their own prospectus. CT prospectus means nothing.

BK is based on absolute priority. A senior is senior for a reason. A sub bond is sub for a reason.

Same for preferred and common.

It is the POR you have to read, not the prospectus.


imo
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