Investment Chat Board Lawsuits Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Investment Chat Board Lawsuits

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StockDung who wrote (7570)	3/11/2005 5:16:13 AM
From: rrufff	Read Replies (1) of 12465

Without pressure from the investing public, it looks like the bankruptcy loophole to screw shareholders is still available. Bankruptcy is often used to eliminate current shareholders. From the ashes often, debt holders become the new shareholders, with management re-issued the same perks they had before they ran the company into bankruptcy. The Senate instead handed Wall Street investment firms a bonus, defeating a Democratic amendment that would have restricted their ability to work for companies both before and after those companies file for bankruptcy. Senators acted against the advice of Securities and Exchange Commission Chairman William Donaldson, who said such a restriction was needed to build up investor confidence shaken by Enron, WorldCom and other corporate scandals. msnbc.msn.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next