Denny I am not sure of the legalize if the balance are not paid off, BUT I HAVE ALWAYS CONTENDED that for historical purposes and to make this look halfway legit for the FDIC to have seized,that the H's would need to be impaired..............................
But your post made me think hard about differential treatment of the same class of holder in the same tier being treated differently in the BK............
Not sure that it can be done unless they just say their intentions were to pay them off and they started with the smallest first as an economical reasoning and just couldn't get the money as expected to pay of the balance.............
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