Replies

To: perfect_rovian_storm

Bought insurance on known ‘bad’ debt

Bought up / piad off the bad debt for $0.10 on the dollar

Made the bonds whole

Kept all the insurance dough

Better not mess with Texas....

5 posted on 06/11/2009 7:17:38 PM PDT by ASOC (Who IS that fat lady, and why is she singing?????)

To: ASOC

They bought insurance, that’s an expense.

So what “insurance dough” do they get to keep?

9 posted on 06/11/2009 7:24:01 PM PDT by bvw

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