Free Republic

Goodrich Petroleum filed for chapter 11 bankruptcy Friday with investment firms slated to pick up the pieces, as yet another company sought court protection amid the shakeout in the oil and gas industry. Houston-based Goodrich, an oil and gas producer which struggled to cut its debt as crude prices tumbled, has a deal in place that would erase $400 million in debt from its books through a swap with a group of investors that own bonds the company issued last year. The Goodrich bondholders, who include Franklin Advisors, Penn Capital Management and Jefferies, have agreed to forgive $175 million in...

...Among the golden nuggets of evidence produced during the trial of the United States vs. The Holy Land Foundation et al is a document that should end any ambiguity concerning the true intent of Feisal ABDUL-RAUF in his quest to construct an Islamic center at Park Place. In fact, it should be cause to reexamine all Islamic centers and mosques that fall within a certain criteria. Cataloged as “Exhibit 003-0085” by the U.S. federal government, a document translated from Arabic to English...details the objectives of the Muslim Brotherhood in America. Feisal ABDUL RAUF is indeed an adherent and promoter of...