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TPG gets paid and then moves on to control the bonds and now wants to wipe out equity. Where are you, Mr. Bonderman?
This is another example of the good ole boy club system. Special treatment for 1 investor to be made whole while the rest holds the bag. I would like to see a deposition on Bonderman.
Expect a sharp rise in equity as the thieves run for cover. Can they undo their misdeeds?