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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (26398)	2/19/2010 9:45:37 AM
From: GROUND ZERO™	1 Recommendation Read Replies (1) \| Respond to of 103300

IT'S TEA TIME!!! Pin the blame on the donkeys... Romney Says Obama, Dems 'Failed' America "President Obama, Nancy Pelosi, Harry Reid and their team have failed the American people, and that is why their majority will be out the door," Romney told a gathering of conservatives, a certain critical constituency in the upcoming Republican primary fight. Read the full article here: foxnews.com GZ

To: jlallen who wrote (26398)	2/19/2010 12:52:01 PM
From: DuckTapeSunroof	Respond to of 103300

How so? Granted that: a) there are numerous creditors, with various levels of claims on the company's assets, and b) the US did petition the court for, (and was granted), formal Debtor in Possession status by dint of it's injection of major new funding. (Whereas no other party, including other classes such as the bond holders, chose to step up to the table with new funding.... Only Uncle Sam offered to inject the funding required to enable the company to rapidly emerge from bankruptcy reorganization as a viable on-going enterprise.) Absent a successful reorganization, if forced to the alternative of liquidation, it is highly unlikely that even as much value could have been delivered to many of the debt classes by auction of the various pieces....