how can this happen?

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Posted by mannyc on Wednesday, April 29, 2009 at 16:48:43 :

In Reply to: Obama Said to Plan for Chrysler Bankruptcy, Alliance posted by Joe Cimoch on Wednesday, April 29, 2009 at 16:22:36 :

where in the actual legal world of corporate finance that secured debtors get paid after union retiree health care trust funds? I wonder if the new 55% owners of the company gave up 71% of their claim like the bond holders are being forced to do. 25% goes to the govt and 20% goes to fiat? WTF.

Follow Ups:

Re: how can this happen? - brian 14:41:14 04/30/2009

Re: how can this happen? - Todd Wilson 15:05:14 04/30/2009
- Re:dont blame the UAW - MikeyStone, idaho 16:51:29 04/30/2009
  - Re:dont blame the UAW - Todd Wilson 20:27:24 04/30/2009
    - Re:dont blame the UAW - George {AB} 03:08:02 05/01/2009
      - Re:dont blame the UAW - Todd Wilson 11:50:37 05/01/2009
        
        Re:dont blame the UAW - Steve 15:43:58 05/02/2009
- Re:dont blame the UAW - MikeyStone, idaho 16:04:09 04/30/2009

Re: how can this happen? - David Sherman 17:43:29 04/29/2009

Re: how can this happen? some got what they wished for - MikeyStone, idaho 17:28:26 04/29/2009

Deliver us from the current administration - Jim_n_TX 23:18:18 04/29/2009

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