[Bob]

Once the government demanded priority in the event of failure...

I have to wonder what the real story is. I've read some reports indicating that 'the government' (inexplicably?) subordinated its loans to those of private investors.

[ThirstyMan]

I think the situation is that "new money made new rules."
The latest round of investors wants to make sure they are cared for first. I have a feeling that this always happens when earlier investors need help from new money.

[mewzilla]

That’s what was reported on FNC morning, that after some kind of deal that got a piddly 75 mil in new loans, the gov’t went to the back of the line of the people to be repaid, with the folks putting in the 75 mil zooming to the head of the line.