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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Brian Sullivan who wrote (301011)4/14/2009 11:21:23 PM
From: LindyBill  Respond to of 794009
 
Bill can hope that the UST also bails out all of the bond holders as well

They do this kind of bankruptcy two things will happen.

1) The Bondholders are toast.

2) The Bondholders end up in court all the way to the SC. Totally illegal to do it this way.