A “judicial” Seig Heil with a smile!
“Kill all the executives”, everyone wants to be an executive now. Lawyers, Judges, ACORN zombies, so cool, democracy, you know (sarc off)
The drunks are in charge and they think they got a grip on reality just because having a government badge now means your life is owned and they can dispose of you as they wish.
“Dissident bondholders”?
“Dissident,” as in a small group of people outside of society objecting to a nation's or government's policies? Dissident?
They are not “dissident.”
They are legitimate plaintiffs in a case against the US government who is illegally breaking valid contracts.
It is the communists in the Obama administration who are “dissident.”
Unlike some of the things Oinquebama et. al. are doing, this one has a solution which does not require forty percent of anybody to vote on it: Boycott GM. The underclass and the dem voting base do not drive the new car market. It just wouldn’t be that hard to do the same thing to GM that we did to Smith/Wesson when that idiot English company took it over.
No more GM cars for me.
Added a few finishing touches ....
But they can’t make us buy their product. We will never buy a government-made car.
“The judge said the only alternative to GM’s plans would be liquidation, “a disastrous result for GM’s creditors, its employees, the suppliers who depend on GM for their own existence, and the communities in which GM operates. In the event of a liquidation, creditors now trying to increase their incremental recoveries would get nothing.” “
In other words, WE MUST HAVE COMMUNISM OR PEOPLE WILL LOSE MONEY!!
Oh God, I feel sick first thing on a Monday.
The follow-up question is this: When will WE, the people, who OWN this government, take it back and demand that our elected representatives adhere to the Constitution or face the consequences?? Until WE, the people, take strong action, there is nothing on God's green earth that will stop this travesty!!
Is Chrysler and this deal truly a BK “first” for the USA where some social engineered “greater good” outweighs the rights of senior creditors? And that without Congress even bothering to alter BK law first? This is only going to drive down the value of senior debt, hurting not just the teetering automakers and their immediate business partners but all other corporations in the country. Surely at some point the US Supreme Court is going to have to hawk this up like a hairball. Or we will have the situation of where we killed the patient in order to save him.
I don't believe that this prospective judgement - speculation, really - is within the judge's purview. Ansd even if it were true, so what? This is what we get when we elevate judges who don't respect the law as much as they crave approval.
The answer is the UAW!!! Just biding their time till the Dems could get in there and give them everything that the company couldn't afford to give.
You are confusing fascism with communism.
Fascism is when the government controls the means of production via laws ans regulations, ie the energy industry. Communism is when the government owns the means of production, ie our new government owned auto industry, the insurance industry, the banking industry and soon our health care industry.
We are no longer a nation of free men, we are a nation of slaves to the collective, you are one of fifty million taxpayers the leaches will drain dry.