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

To: tejek who wrote (482876)	5/22/2009 7:25:26 PM
From: longnshort	1 Recommendation Read Replies (1) \| Respond to of 1572965

Is this fair ? Debt forgiven US treasury 13.5 B UAW 10B Bondholders 27 B Stock ownership after restructuring US Treasury 50% UAW 39% Bondholders 10% bond holders lose twice as much debt as the treasury and UAW combined and yet receive only 10% Who will buy a bond again ???

To: tejek who wrote (482876)	5/22/2009 7:46:10 PM
From: steve harris	Respond to of 1572965

why are you against following the rule of law? so many illegal things must be accomplished, so little time to do them... 2010

To: tejek who wrote (482876)	5/24/2009 9:13:00 PM
From: TimF	Read Replies (1) \| Respond to of 1572965

.you left this part of the article out of your post. I posted short excepts from multiple articles and posts. .the part where the senior creditors were getting piggy at the trough Buying relatively debt in the secondary market at a discount is normal not wrong. Not "getting piggy at the trough" in any negative sense. The secondary market helps support the primary market (initial lenders know that they will likely be able to get something for the debt should it go bad, in many cases). Then when the bankruptcy negotiations come around holding out for a smaller hit than the junior creditors is normal and should be expected. It would even be considered a fiduciary obligation of those running the funds that hold the debt.