Replies to post #10841 on Corus Bankshares Inc. (fka CORSQ)

[hang ten]

Insightful thoughts..

---I wouldn't bet that the trustees for the CDO holders are investing a lot of time doing DD for those debt owners---

The UCC certainly, imo, set the bar very low for the CDO beneficial holders... Great opportunity for the HF guys. As you say, must be a precedent because they're not getting anything from the fdic until the case is won.

Mikie said it... something maybe this week.. and we got it:))

[JV44]

SAVVY!...SAVVY!...SAVVY!...AND MORE SAVVY!

[Sparks111111]

Completely agree, the precendent cases will be used to keep the tax refunds.
The money from Adrid Mint Loan keeps getting bigger each month. I think because of Earnest Young resignation as auditors, we don't fully know what "hidden assets" are out there due to preliminary statements. Must be more than we assume.
For some ideas on the refunds and maybe someone sees something new: http://www.sec.gov/Archives/edgar/data/51939/000095012310025225/c97936e8vk.htm