2009-11-09ml-implode.com

"This Tuesday is the deadline for LandAmerica 1031 exchange victims (LES - dubbed exchangers amongst themselves) to accept pennies on the dollar for funds lost in LandAm's bankruptcy proceedings. It is suspected that many Exchangers will vote for the plan, which guarantees at least some monies returned to victims instead of an excruciating court battle that many of LandAm's unsecured creditors simply cannot afford.

The smoking gun in the decision could be what Richmond Fed's new top lawyer knew in the months leading up to LandAm's bankruptcy."



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