They did not uphold centuries of legal precedent and are allowing the Federal Government to overstep its' bounds to pick winners and losers in banruptcy and buyout proceedings with Chrysler and Fiat. Putting secured debt holders interests' after the interests of the Unions and Foreign businesses.
Way to stimulate investment, now every investment decision has to be made on the basis of Politics instead of profit. Secured debt, being guaranteed to be first in line to be repayed, means absolutely ZILCH
Great.
June 09, 2009
Subscribe to:
Post Comments (Atom)
