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|Subject: Re: Quote of the day||Date: 10/10/2012 6:48 AM|
|Author: straitarrow||Number: 647995 of 757465|
"....It sounds like Judge Gerber is ready to reopen the whole thing, essentially forcing GM into a real bankruptcy.....
If we’re lucky, this will come apart very soon… just in time for the non-political-wonks to read the news as they’re deciding whether or not Obama deserves a second term."
(An example of many good comments)
"Hundreds of years of bankruptcy law supports the idea is that the senior bondholders are first in line and not a union pension fund. If it is possible to undo the deal, that alone is enough."
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