Doug Henwood writes: >>>>No matter what your politics, you should be very, very >> > concerned if that happens >> >> Why? Because workers and the broad economy would be better served than >> a bunch of hedge fund vultures? >> >> I thought American bankruptcy law has historically been friendly to >> debtors. Screwing creditors now & then is good for growth. Why not now?
Bankruptcy is like an "Animal Planet" video where the dead animal is being fought over by the lion, the jackals, the vultures, etc. Frankly, most of the time, I don't really case who gets the biggest mouthful (as long as I get paid). However, when the US government comes in and starts acting like Tony Soprano, I do care. I have litigated with the US -- it is truly scary when it goes on a crusade. When we talk about the "rule of law" as a positive thing, it is easy to be positive when the rule coincides with what you agree. However, to only defend the "rule of law" when it coincides with what you agree is not only hypocritical, but it also makes clear that you do not value the "rule of law" at all (which I think is generally true of Leftists, who generally believe that the "rule of law" is an obstacle to socialism). I do value the "rule of law" and would hate to live in a society whether the security of my person and property is at the mercy of those in power. David Shemano _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
