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Politics : Formerly About Advanced Micro Devices
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To: michael97123 who wrote (479746)5/11/2009 2:00:59 PM
From: tejek  Read Replies (1) of 1574849
 
Bill Aksman, no liberal, hosted CNBC today. He talked about chrysler issue Joe was talking about in a much different way than michael barone did. He claim government saved creditors from allowing C to go into uncontrolled bankrupcy where they might have ended up with pennies on the dollar. So when they played hardball putting union before creditors, it might appear heavy handed but it was fair. Creditors come before sharreholders in order of importance but they also do not have a guaranteed outcome.

I say you give the best deal to the entity with the biggest stake in the outcome. And that would be the unions.
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