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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (11849)	4/24/2009 12:01:59 PM
From: Bald Eagle	Respond to of 103300

It is now.

To: Wayners who wrote (11849)	4/24/2009 12:56:58 PM
From: DuckTapeSunroof	Respond to of 103300

"Why doesn't Chrysler do their own bankruptcy filing?" Chrysler is drawing one up right now. But of course --- under American bankruptcy law major creditors have the right to force bankruptcy filing (as a way of recovering their loans) and the US government is a major lender to Chrysler... and the exact language of the loan agreement that America made with Chrysler gave us the specific right to demand a bankruptcy filing. So, it's a contract right, too... as well as being a standard part of bankruptcy law.