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: tejek who wrote (482626)	5/21/2009 8:19:03 PM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 1573924

It wasn't the gov't; it was the BK judge. No it was the government. The government has controlled this whole bankruptcy proceeding. It itself is a major creditor, and then it presures or forces other major creditors to line up with it as part of their receiving bailout money. So it lined up a strong majority of creditors, and can pretty much determine the settlement. In theory the bankruptcy judge could make a decision that ignores the consensus of the majority of the creditors, but they usually don't, and have not (at least yet) in this case.