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  • http://www.blogger.com/profile/11356149844017168650 des

    >good points. I'd add that saying the banks were "shocked" by the Gibbs & Dunn letter was a stretch, too, since it was no secret. Those noteholders had previously requested action from BONY.

  • http://www.subprimeshakeout.blogspot.com Isaac Gradman

    >That's right. I think that's what we refer to in the legal community as "posturing" :)