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Loan Modification

: Mortgage Lender Implode-o-Meter

Another GM Ad Hoc Bondholder Joins Informal Committee Posted

By Implode-Explode Heavy Industries

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" Paul, Weiss has been successful in canvassing GM bondholders, and has gotten another major player to split from the Ad Hocs and join the informal committee. Western Asset Management has decided to join Franklin Templeton, Marathon, JMG, and Eastbourne, who as Zero Hedge disclosed, represent roughly 6% of the unsecured bonds."

Full post as published by Mortgage Lender Implode-o-Meter on June 04, 2009 (boomark / email).

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