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  • Bill Ackman's Letter to Paulson On Restructuring Plan [View article]
    That is exactly what Ackman is proposing - a new layer in the capital structure below "senior unsecured debt" but above the existing capital structure. This would save the edifice from collapsing while keep the GSE out of the govt. books and basically give time for the market and GSE's to heal themselves.
    Sep 06 16:09 pm |Rating: 0 0
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