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To: Big_Monkey

No, if I remember correctly, they were awarded preferred shares. And, even if an “equity partnership”, partners cannot unilaterally void contracts, no matter how unpopular said contracts are.


148 posted on 03/19/2009 1:39:41 PM PDT by keepitreal (Obama brings change: an international crisis (terrorism) within 6 months)
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To: keepitreal
"No, if I remember correctly, they were awarded preferred shares.

Yes, I believe you are correct now that I think about it. At the time, there was a lot of chatter about the deal that Warren Buffet got and many people were wondering if the Fed got the same terms (that Buffet got). It was some type of preferred stock arrangement.

156 posted on 03/19/2009 1:43:19 PM PDT by Big_Monkey
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