a little bone handed to the 2nd liens to get a yes vote is Plausable. don't you think :) im sure the 2 hedge funds that own dip and 2nd liens wouldn't cry.
the judge himself said he wanted or would like a plan to go with the sale to avoid problems with the 363 sale objections..
I wouldn't even be surprised if they offered 2nd liens, unsecured, preferred and commons a small percentage of the new company and they would be able to keep the nol's.
I know this is far fetched but could happen. as long as the impaired classes voted yes the classes under them could receive a portion. remember wamu the preferred got 75% and commons got 25% because the preferred accepted the plan
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