On Sun, May 3, 2009 at 7:22 PM, Gruss wrote: > > > But the way it typically works is that per-bankruptcy you bring all > the creditors into a room and get concessions; for those not willing > to give, you take 'em to court. > > So, yeah, the message should be you play ball or you explain it to the > public.
Here is an interesting problem, then. On the one hand, the government is now going to be a shareholder in Chrysler, so the administration has a clear interest in getting the best deal for the company in BK. On the other hand, the government is going to end up as a significant shareholder in companies represented by the bond holders- companies like Citi. So the government has a clear interest in getting the bond holders the best deal possible. Instant conflict of interest. This is one of the reasons why government ownership is a bad idea and never works as well as private ownership. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:296685 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
