RE:RE:People, understand one thing ...Rad10, you wrote: Could unsecured be unwilling to go the CCAA route because Goldman hold the bulk of the secured notes and may decide to play winner takes all? Think about it - better to play nice and get a little of something than a little more than nothing in CCAA................
Yes, yes, yes! Finally you understand. This is why there will be a deal, because the unsecured are only marginally better off than the common equity. Both need a deal. The unsecured are in no position to play hardball.