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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (35590)	5/21/2009 3:02:20 AM
From: DuckTapeSunroof	Respond to of 71588

Re: "You don't make any argument for your case." What 'case' is that? (I don't recall advancing any particular case....) I thought all I was doing was pointing out how things normally go in complicated federal corporate chapter 11s like this one when massive amounts of NEW CASH injections are required to prop-up the failed enterprise long enough for a Court-administered bankruptcy reorganization to actually happen. The legal priority that Courts extend to whomever assumes the role of "debtor-in-possession". (The typical 'Money talks and BS walks' paradigm that is applied in these situations....) Nobody else (other then Uncle Sam - who was already the largest secured creditor) was willing to put up a dime so... "debtor-in-possession" for Uncle Sammy it is!