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

To: TimF who wrote (485482)6/4/2009 12:02:04 PM
From: tejek  Read Replies (1) | Respond to of 1574705
 
The government at the behest of the unions, created the outlines of a plan where the unions, even though they are junior creditors, would take a smaller hit than the senior creditors, and then it pushed a majority of the creditors to accept that deal.

The agreement gets presented to the bankruptcy court, and forms the basis of the judges decision.

And required approval by a majority of the creditors......not just the unions.


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