CR has a post about the ABS bond market that I encourage you to read.
I have to admit that I'm having a moment of self doubt about that bankruptcy language in the bond prospectus that I wrote about here. (I also posted this on BR's website and Calculated Risk--those folks must think I'm nuts).
I wish someone would (1) tell me to shut up and stop yappin' about it because I have it all wrong, and then be kind enough to extend an explanation to me as to why or (2) would write about it. To me, the issue remains eerily silent.
Anyway, if it becomes an issue, you can say that you read about it first here. Otherwise, you can say that you have read the rantings of a deranged blogger.