does anyone know if the "noteholders" all have to agree to a settlement? usually the notes are sold through a trust party (i.e. cibc mellon) and involve numerous institutions/individuals. it would be nice to know how many folks actually own these notes and who has to agree to a settlement, if any.
i'm wondering if we might run into a situation where some of the noteholders are willing to extend the terms and some wont. or if the notes are just sold at a discount to one party.
no matter how you cut it, something big is getting sold/discounted....soon