There are no rules that must be followed. They are only suggestions.
Our illustrious former president solidified that with his statement. "The constitution is just a G@d D*#$ed piece of paper."
Watch how bankruptcy law and precedents are thrown out the window for Chrysler,GM and Ford.
The real problem is that ECT and RH have no political power. If RH used to work for Goldman Sachs, he would probably get the go ahead to authorize more shares and dillute the stock so much as to make the Federal Reserve blush...
But if he did work at GS at some point in the past, we probably wouldn't be in this situation...
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