I thinmk you are confused slightly

Post #308,466 by boxley 5/10/09 11:15:13 AM Reply	I thinmk you are confused slightly Bankruptcy judges do this kind of stuff all the time. If Obama's proposal is so onerous then the courts will slap the proposal down. Obama's proposal is to keep it out of the judges hands, that why all the threats to make the parties accept it
Post #308,478 by Another Scott 5/10/09 12:54:24 PM Reply	Maybe. Maybe not. Pch101 and CamaroKid's takes are similar to my own: http://www.thetrutha...l#comment-1481315 HTH. Cheers, Scott.
Post #308,487 by boxley 5/11/09 7:23:25 AM Reply	thats gotta be an lrpd Pch101 and CamaroKid's takes are similar to my own: well porchmonkey and roach disagree http://www.economist...story_id=13610871 The investors in these firms are easily portrayed as vultures, but many are entrusted with the savings of ordinary people, and in any case all have a legal claim that entitles them to due process. In a crisis it is easy to put politics first, but if lenders fear their rights will be abused, other firms will find it more expensive to borrow, especially if they have unionised workforces that are seen to be friendly with the government.
Post #308,488 by Another Scott 5/11/09 7:59:17 AM Reply	Recall that only a few bondholders were holdouts. http://dealbook.blog...rtner=rss&emc=rss What began last Thursday as a collection of about 20 investment firms holding a combined $1 billion in debt has dwindled to a set of five, holding a total of about $295 million. (The group apparently lost a member, since in a filing on Tuesday, it reported holding about $300 million.) The members include three funds associated with Schultze Asset Management; Stairway Capital Management; Oppenheimer, which holds debt in two funds; Group G Partners, which has holdings in two funds; and Foxhill Capital Partners. By opposing the Obama administrationÂs out-of-court debt restructuring plan, this group of holdout creditors has found themselves in the national spotlight. Last Thursday, as Chrysler filed for bankruptcy protection in New York, President Obama criticized the holdouts as Âspeculators,Â even as the creditors argued that they were being treated unfairly under the governmentÂs plan. The majority of the holders of ChryslerÂs $6.9 billion in senior secured debt, a group led by JPMorgan Chase, has agreed to accept the governmentÂs proposal and take a big loss on their holdings. Those who are complaining about "Obama gutting the Constitution" and using similar hyperbole on this issue need to start using some qualifiers. Only a handful are still holding out. The vast majority have accepted that they won't be first in line to pick Chrysler's carcass. But, again, a judge is going to rule on this. It's not going to be imposed by Obama's fiat, so to speak. ;-) We'll see how it turns out. Cheers, Scott.
Post #308,499 by boxley 5/11/09 9:43:23 AM Reply	whats left are the folks who did cave to the threats "by the crazy president" remember?
Post #308,504 by Another Scott 5/11/09 9:55:47 AM Reply	Off-the-record paraphrases of their impressions. Show me some on-the-record quotes, not spin, and then we'll talk. Really... Cheers, Scott.
Post #308,507 by boxley 5/11/09 10:09:19 AM Reply	sure, they just made it all up, bad repos
Post #308,509 by Another Scott 5/11/09 10:14:37 AM Reply	It doesn't sound a little over the top to you? Another characterized Obama was "the most dangerous smooth talker on the planet- and I knew Kissinger." Really? I'm supposed to take that as being indicative of what really happened? Give me a break... Cheers, Scott.
Post #308,527 by boxley 5/11/09 3:49:43 PM Reply	and from an Obama supporter to boot so you dont think he is as smart or a smooth as kissinger?

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