News Focus
News Focus
icon url

rwdutch

09/08/16 9:13 AM

#461545 RE: clawmann #461540

I agree with your comments and remember this statement from FDIC: WAMU bankruptcy will not cost them any money.

It would appear they have WAMU funds/assets in order to pay. IMO
icon url

hotmeat

09/08/16 10:59 AM

#461554 RE: clawmann #461540

The inclusion of "otherwise" was clearly inserted as a modifier to distinguish its difference to "subordinate".

By your own admission, "diminish" means to reduce. How much more clear can it be.

They are stating, the DB claim will neither be made inferior to "OR" otherwise (else; apart from that) reduced as a claim.

The "PROOF" is that the FDIC stated such, and no further "PROOF" is necessary. It's a signed agreement!!!

In term of the claim that I somehow selectively included only "tidbits", to skewer it's meaning is false.

I clearly posted the whole paragraph, which clearly shows the context was unchanged.

icon url

Donotunderstand

09/08/16 11:46 AM

#461577 RE: clawmann #461540

clawman

question

definitions - typical uses - junior debt v subordinated debt?

my sense is you might have

secured
secured
etc
senior unsecured
junior unsecured
subordinate

?