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OilCan61

07/08/10 11:26 PM

#219221 RE: oilstrike #219219

You wrote that much more eloquently than I was about to...lol

I got as far as not wanting to be in a foxhole with any of these guys....

Lets see, in their scenario the preferreds lose $500(50%) a share so the commons can gain 1 single dollar a share. Yup that sounds fair enough. Im sure everyone currently invested in preferred shares in solvent banks would be excited about that decision.