Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (458744)	2/23/2009 11:31:19 AM
From: i-node	Respond to of 1572802

>> Inode, that's what I was suspecting as well, that receivership sounds more like a bankruptcy than what the federal government is about to do. Yeah, that's basically what you're talking about with a receivership, at least in this situation. There are times when receivers can be appointed for entities that are not in bankruptcy. I think the idea here is to avoid anything akin to a bankruptcy, in which creditors are stayed from attaching the assets of the entity by court order. By having the feds just take it over, it can continue operating with disregard for the fact it doesn't have any money. While it sounds huge, it may be the most rational way of dealing with the problem, I don't know.