SI
SI
discoversearch

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.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sam who wrote (112149)5/29/2009 4:49:24 AM
From: slacker711  Read Replies (2) of 541735
 
This is a rare economic environment. At least, we all hope that it is rare, not to be repeated in our or in our children's lifetimes, and hopefully longer than that. It calls for abnormal responses.

That's the justification for the loan itself as well as TARP and all of the other stimulus. If we hadnt done these things, the economy would fall apart. I understand and to an extent, believe those justifications (though would have done some things quite differently). However, that simply doesnt apply as a justification for now rewriting (or breaking) the bankruptcy laws in favor of the government. Will the economy fall apart if the government is treated the same as any other creditor? The answer is a resounding no.

When the alternative is armageddon, I believe that you do what you have to do. The danger in that though is that you get a government that believes that even in non-Armageddon circumstances that the laws dont apply. That is precisely what we have here and I am a bit surprised that so many on this board have no problem going along with it.

Again, my previous caveat applies....if there is precedent for government loans to be treated differently in bankruptcy court, then so be it. I just hate all of these arguments based on everything but the law.

Slacker
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News