Originally Posted By: Junior
Originally Posted By: PT1
Originally Posted By: ToyotaNSaturn
I don't get it. What does the US Supreme court have to do with the sale of a private (allegedly) company?
The bondholders of any US corporation by law are first in line for repayment of ALL of thier money (not 10%) by law. The Obama led restructuring is a violation of the 10th amendment.
Couldn't agree more! I see future trouble for companies trying to raise capital by issuing secured bonds if this is allowed to happen.
These bonds are NOT worth a dollar,they are traded commodities,they were bought for pennies on the hope this would happen.Bonds are secure but not garrenteed in value at this level of rating(junk)
Originally Posted By: PT1
Originally Posted By: ToyotaNSaturn
I don't get it. What does the US Supreme court have to do with the sale of a private (allegedly) company?
The bondholders of any US corporation by law are first in line for repayment of ALL of thier money (not 10%) by law. The Obama led restructuring is a violation of the 10th amendment.
Couldn't agree more! I see future trouble for companies trying to raise capital by issuing secured bonds if this is allowed to happen.
These bonds are NOT worth a dollar,they are traded commodities,they were bought for pennies on the hope this would happen.Bonds are secure but not garrenteed in value at this level of rating(junk)