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Welcome to IWETHEY!

New Yawn.
http://www.thetrutha...cramdown-tactics/ - see the comments.

Chrysler would have failed months ago without the federal bailout. It's still going to fail unless everyone involved gives up something (and even if it survives, it'll be a shell of its former self). Isn't it refreshing that we have an administration (representing the public that has a lot of money at stake) that is willing to apply some pressure to those who seemingly aren't willing to accept that?

Not that I take the anonymous comments in the stories at face value, of course...

FWIW.

Cheers,
Scott.
New How utterly predictable.
I will choose a path that's clear. I will choose freewill.
New Wouldn't want to disappoint.
New ;-)
I will choose a path that's clear. I will choose freewill.
New ;-)
     we believe in change, change or we keel you - (boxley) - (30)
         Ok... - (folkert) - (2)
             If they got more than going c7 why did they want to go c7? - (boxley) - (1)
                 Rules and Obligations rather than... - (folkert)
         correction - (lincoln) - (1)
             Don't think your correction is needed - (beepster)
         doubly shocking, of course - (rcareaga) - (3)
             very good point, so buying secured notes is now a bad idea - (boxley) - (2)
                 Ah, "Zimbabwe" - (rcareaga) - (1)
                     you appear to suggest that hedge funds and bond holders - (boxley)
         Yawn. - (Another Scott) - (4)
             How utterly predictable. -NT - (beepster) - (3)
                 Wouldn't want to disappoint. -NT - (Another Scott) - (2)
                     ;-) -NT - (beepster) - (1)
                         ;-) -NT - (Another Scott)
         Right - (jay) - (14)
             WTF you mean bypass the law - (boxley) - (13)
                 The law is hardly ever simple. - (Another Scott) - (11)
                     you are looking at 11 I am refering to 7 -NT - (boxley) - (10)
                         Either way, the secured bondholders wouldn't get 65% - (Another Scott) - (9)
                             I thinmk you are confused slightly - (boxley) - (8)
                                 Maybe. Maybe not. - (Another Scott) - (7)
                                     thats gotta be an lrpd - (boxley) - (6)
                                         Recall that only a few bondholders were holdouts. - (Another Scott) - (5)
                                             whats left are the folks who did cave to the threats - (boxley) - (4)
                                                 Off-the-record paraphrases of their impressions. - (Another Scott) - (3)
                                                     sure, they just made it all up, bad repos -NT - (boxley) - (2)
                                                         It doesn't sound a little over the top to you? - (Another Scott) - (1)
                                                             and from an Obama supporter to boot - (boxley)
                 Legal manuvering - (jay)
         Jane at FDL has more... - (Another Scott)

It's rare that you see crazy outdo crazy so effortlessly.
55 ms