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Politics : The Obama - Clinton Disaster
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To: TimF who wrote (65424)2/6/2012 12:29:05 AM
From: DuckTapeSunroof2 Recommendations  Read Replies (1) of 103300
 
(That wasn't the question asked. <GGG>)

And the 'intervention' was a perfectly legal application of long-standing federal bankruptcy reorganization rules, particularly the "Debtor-in-Possession" rule.

Which --- by the way --- was thrown open, (fervently, I might add <g>), for the participation of all of the existing bondholder groups, and all kinds of large-cap global investors... yet in the end no one stepped up to the plate except, reluctantly, Uncle Sammy.

And (perhaps against long odds), succeeded my most objective criteria.

Jobs saved (and created).

Tax base saved.

Global supremacy in the industry that we invented preserved.... (At least, 'for now'. :-)
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