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Friday, February 24, 2023 11:07:08 PM
Robert listen and listen good, it doesn't matter if they are making a trillion dollars in quarterly income, what matters is if they have the adequate capital buffer as required by law....and they don't. Furthermore, it doesn't matter how much money they are making if your security, the commons, isn't "in the money" and IT IS NOT.
As far as an analogous example of the NWS, any post-petition DIP loan restructuring that changes the terms of the original loan is analogous.
And? And the government took 92% of AIG. They could easily do the same here but IMO they will take more.
The magical charter you keep referring to will not save you. You may as well quit acting as if it's a special silver bullet. But concerning GM, the government picked winners and losers and shoved it right down shareholder's and bondholder's throats. And Judge Gerber allowed it.
More or less it is and yes, the litigation will go away. He wasn't wrong.
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