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Technology Stocks : WCOM
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To: Oeconomicus who wrote (11548)7/15/2003 4:50:51 PM
From: George the Greek   of 11568
 
Unsettling to me that not only the common shareholders, but THE BONDHOLDERS seem to be in for the "sweetened" settlement, according to reports I read. Not very sweet, if you ask me. I thought the bondholders, as creditors, already had their thumbs in the bankruptcy pie.

Pls post if you come across details, which are still not forthcoming.

Without Sarbanes-Oxley Act of 2002, even this would not have happened. They deserve some thanks. But the settlement is still garbage.

Speaking as one who was burned...
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