Quote:
Originally Posted by syr74
Part of the deal here was that government money loaned to the car companies would be repaid before any other debtors, which made the whole thing a ridiculous model of how to make certain a company on the edge of bankruptcy actually goes bankrupt since debtors were put into a position where they know they wont get any money until a virtually broke company somehow manages to repay the government a few billion first. Can you say instant transformation to absolutely no credit rating?
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That's how they force them into Chapter 11 I geuss.
The Fed wants everyone to be dependant on them. It's the new way.
