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Re: nsomniyak post# 3874

Tuesday, 03/10/2009 12:46:04 PM

Tuesday, March 10, 2009 12:46:04 PM

Post# of 4858
It depends on what they have and what they know.

The hearing is mostly about Brook capital.

Reiderer will be appearing as "trustee," I believe in our interest. He was appointed "Special Master" in the liquidation proceedings of Aleritas. Brook own 60% of ARTA, and with the Special Master on the ARTA side, he would attempt to help finance Brook to solvency without endangering ARTA. If ARTA is considered insolvent, then he might consider attempting to gain bridge financing from an outside source, including goverment bailout funds.

Reom what I have seen of the situation, there are insurance agencies who have closed their doors as a result of this BK, and it would serve the American Taxpayers to restructure this debt and bring at least ARTA into solvency.

Write your congressman.

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