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- "It is bound to be a distress sale, " one bank official said.
- "This is not a distress sale, " he said.
- Indeed, the transaction resembled a distress sale, with the buyer choosing which assets it wanted.
- Moreover, she said, appraisers should be able to see a distress sale for what it is.
- "This is a distress sales scenario, " said analyst Thomas Kmiotek of Duff & Phelps Credit Rating.