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Politics : Mainstream Politics and Economics
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To: Broken_Clock who wrote (50426)8/10/2013 12:23:18 PM
From: TimF  Read Replies (1) of 85487
 
Paying secured obligations (with the thing their secured against or the proceeds from selling that thing) before senior unsecured debt, and paying senior unsecured debt before other unsecured debt, isn't fleecing anyone. Its following contract obligations.
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