“Securities” in what sense? Being secured didn’t help Chrysler and GM lenders/bondholders when those companies went bankrupt. Will the Feds screw the holders of CA debt too??
hh
Report in the press this AM says GM is now out of bankruptcy protection! Guess they had a dicktonectimy (Rush’s word) by way of the courts and BO. See the USA in your Green Car today...their new motto.