To: myuhaul
LOL, my point was that secured creditors are paid first in a bankruptcy, that is right after the attorney fees and court costs. All this huffing and puffing about hedges funds is mostly BS.
17 posted on
05/13/2009 8:21:42 AM PDT by
org.whodat
(Auto unions bad: Machinists union good=Hypocrisy)
To: org.whodat
Also, wages and pensions come before secured creditors...not many people realize this.
19 posted on
05/13/2009 8:26:06 AM PDT by
nyconse
(When you buy something, make an investment in your country. Buy Amrican or bye bye America)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson