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Politics : Formerly About Advanced Micro Devices
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To: Joe NYC who wrote (479316)5/9/2009 1:32:23 PM
From: tejek  Read Replies (1) of 1573369
 
"Bankruptcy experts familiar with the judge's track record don't believe he would have bowed to pressure from the Obama administration.

But he probably would have ended up approving the asset sale in a bid to help salvage the battered North American auto industry, which is considered part of the economic bedrock of both the United States and Canada, they said.

"He is an excellent judge and not the kind of person who is afraid to stand up and go against the pressure," said Ronald Sussman, a lawyer who represented Enron employees before Judge Gonzalez as a partner at Cooley Godward Kronish in New York. "But this is the most unusual of times and when he's confronted with the alternatives, I think he's going to do everything to find a legal basis to do what's necessary to save the auto industry. I don't think he'd do it for political reasons or because he's afraid. He'd be exercising his discretion as a bankruptcy judge and pushing the limits as far as he can go."

financialpost.com
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