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Joe Stocks

10/11/09 7:28 AM

#1874 RE: @-@ #1872

Makes you wonder why the senior unsecured unsubs are selling for 16 cents on the dollar. Obviously this debt that is selling for more has better ranking. I would like to see the senior unsub raising in price before I give any chance to the preferred trusts receiving anything.

Personally I don't think the traditional preferred nor the common have any chance at all of receiving anything when this is all over.