"There were no real gains on the sale of anything to SAC"
True we have a unsecured loan for the sale of secured property...huh?
I wish I believed the class action theory that cleaned SAC. I know some powerful class-action attorneys and they are not finance guys. Just a an IPO prospectus, it's doesn't mean the comapnay is good it just means they did the transaction within the limits of the law. SAC I beleive is in this category. It's certainly not a clean no conflict set-up.