gollwoods22

More on White House's Strong-Arming of Chrysler Hedge Fund Hold Outs

priority is regularly set aside by bankruptcy judges


On May 03 09:13 AM dcb wrote:

> Our government had no legal right to torture people, engage in domestic
> spying, imprison people without trial forever, or give weapons to
> the contras. Those were just a few and there are many more. Hell
> we made up the data that got us into a war with IRAQ and something
> as trivial as this bothers you.

More on White House's Strong-Arming of Chrysler Hedge Fund Hold Outs

oh well, doesn't matter. bad debt is bad debt, the creditors were going to lose thier money entirely because the liqudation value would be extremly low, Jeep as a brand plus whatever structures are sold
compared to the shock to the economy,. so a chance to liquidate the company would be of no benefit. the auto companies demise cannot be allowed to cause chaos or everyone could wind up defaulting. without exception. A small chance of becomming viable and a larger hope of orderly demise is the best scenario. politically the administration would be opening a disastrous spirial into economic hell with catastophic unemployment and resulting defaults. Why would you want to go there? what a gift to America, no more industry and bankrupt economy mired in debt with no fucking hope.