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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (211541)	7/21/2009 1:25:17 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 306849

This also explains the huge gradient in the existing bonds with the longer maturities thrown out at prices downto 15% when the bonds subject to tender have been solidly bid long before the bond offering was announced. This was a clear case of insider trading (small problem though: insider trading is not applicable to straight bonds). You don´t have that in the garden variety distressed story. See first sightings after the trade halt: Message 25787404 Some of the bonds are stubbornly bidding 45%, 48%.