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


To: DuckTapeSunroof who wrote (35617)5/21/2009 3:26:38 PM
From: TimF  Read Replies (1) | Respond to of 71588
 
That's a false dilemma. The government could have imposed ideas that are very different than the one its proposing (literally millions or beyond millions if your counting small possible differences, and several to dozens if your counting only significantly different ideas). Or it could have not tried to impose any specific solution, and let the other creditors have more of a say, or have the structure determined later, during the actual bankruptcy proceedings.

There isn't only two choices.

The decision was effectively made by the government, before the plan was formally submitted. Its not this one plan vs the set of other full developed plans that have been formally submitted, its this plan vs the set of all other possible plans, because the government could have easily made another decision and even at this point it could change its mind.