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1. Date: 2008-09-26 00:46:42
Subject: Bailout
From: Michael <g...@v...net> Search message by this author

If, as Barney Frank stated this morning, the gov't will take preferred
shares of whatever institution they buy the mortgages from, what
happens to the value of the preferreds already held in said institution
by those luckless souls that tried to ride this mess out? Any guesses?

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