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Politics : The Obama - Clinton Disaster
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To: robert b furman who wrote (64310)1/17/2012 1:26:38 PM
From: DuckTapeSunroof2 Recommendations  Read Replies (1) of 103300
 
Re: "no hope of getting all the money back now."

I believe that the controller and GAO disagree with you on that prediction.... (we will see in fairly short order, anyway.)

Re: "Gm while under bankrupcty and Chrysler "unwound small dEALERS THAT WHERE NOT FRANCHISE CHANNELED,UNDERCAPITALIZED OR UNDERPERFORMING VIA REGISTRATION DATA. WHILE IN BANKRUPTCY, FEDERAL LAW USURPED STATE FRANCHISE LAW AND A HEAVY HAND WAS HANDED DOWN TO THE LOCAL SMALL DEALERS.+"

Yes.

So WHAT?

Federal bankruptcy law has LONG superseded such contracts.

So there is no 'usurping' about it, it clearly (and since at least World War II) has been legally superior.

That is the WHOLE PURPOSE of federal bankruptcy in the US... to allow for the shedding of cost overhangs so that through reorganization a viable and ongoing business can emerge.
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