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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (66907)3/22/2012 10:48:40 PM
From: TimF  Read Replies (1) of 103300
 
Re: "But it didn't recognize the point that the the pension plans got a larger ownership stake than they would normally be entitled to under bankruptcy law,"

Because that isn't true.

It is true. They where treated as being more senior than they where. There was an agreement to make this happen, but the government forced through the agreement to reward its political favorite.
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