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linda1

04/01/10 5:10 PM

#2354 RE: marayatano #2352




Subordinate Claims are in a Class lower than the WMI Capital Trust and so they can't be the lowest form of debt.


I also meant to say Subordinate and not Junior.


"I happen to think that the WMI Capital Trusts were in a Class of their own because they were a Subordinate Claim with a Guarantee."