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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (482743)	5/22/2009 12:51:29 PM
From: tejek	Read Replies (1) \| Respond to of 1573925

The judge came to his own conclusions. Based on the agreement the government created.It wasn't as if the proceedings went in to court with nothing established, and everything was created and decided by the judge. At most he modified the agreement a bit, but its essentially the initial position rammed through by the government. Could it be that the gov't's agreement was the fairest and best agreement all around? If the government had created some very different agreement the judge would likely have gone along with that. Why do you say that? The gov't is just one more creditor whose claims have to be dealt with. For example if the government got all or even most of the creditors to agree that the normal pattern of senior creditors getting priority would be followed, its almost inconceivable that the judge would toss the agreement and force the senior creditors to defer to the junior. You seem to think that senior creditors should get 100% of their investment back. That doesn't necessarily follow in Chapter 11. And contracts can be cancelled depending on whether they are secured or not. There is a lot of misinformation re. Chapter 11 circulating in the winger blogs. I wouldn't pay them too much attention to them.