Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TimF who wrote (65424)	2/6/2012 12:29:05 AM
From: DuckTapeSunroof	2 Recommendations Read Replies (1) \| Respond to of 103300

(That wasn't the question asked. <GGG>) And the 'intervention' was a perfectly legal application of long-standing federal bankruptcy reorganization rules, particularly the "Debtor-in-Possession" rule. Which --- by the way --- was thrown open, (fervently, I might add <g>), for the participation of all of the existing bondholder groups, and all kinds of large-cap global investors... yet in the end no one stepped up to the plate except, reluctantly, Uncle Sammy. And (perhaps against long odds), succeeded my most objective criteria. Jobs saved (and created). Tax base saved. Global supremacy in the industry that we invented preserved.... (At least, 'for now'. :-)