rightwinger
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- Aug 4, 2009
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Looks like you're clueless. In America, debt converts to equity union get crammed down
You win some, you lose some
They made a poor investment and it didnt work out. they are not the first and won't be the last
In America, senior secured creditors have a FIRST claim on assets and they should have come out owning 25% or more of the company while the unions get crammed down.
Under Obama, 230 years of bankruptcy laws got upended and the Unions get to be owners.
If you had a clue, you'd know that
Gee...is that so?
Why don't you take it to the courts? I'm sure the Republican Supreme Court will back you 5-4