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leaderoftheback (41.92)

February 2009



Highland Capital CDO Fund Is Insolvent, Wiping Out Investors

February 20, 2009 – Comments (0)

Investors wiped out...only enough left to pay creditors.  Creditors?  What significant creditors could an investment fund have?  Did they never pay their transaction fees?  What else is there?  Well, I'm sure the fund's managers were wiped out, too...totally penniless now.  Golly this is bad.

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