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

To: SilentZ who wrote (507633)8/24/2009 4:41:06 PM
From: Brumar89  Read Replies (1) | Respond to of 1579391
 
If Chrysler or GM want to borrow money again, who will buy the bonds?



To: SilentZ who wrote (507633)8/24/2009 5:02:04 PM
From: i-node1 Recommendation  Respond to of 1579391
 
I said that the reason Obama would've sided with the UAW (read: the workers) over the debtholders is because the UAW would've kept the company open. The debtholders more than likely would've shut it down.


It was the debtholders' right to shut them down and liquidate the business if a suitable Ch. 11 process couldn't be undertaken.

Obama corrupted the process by taking that right from the debtholders.

This was the action of a fascist dictator.


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