Emotions getting in the way of rational thought? Not necessarily. It could be what I value is different than what others value.
Sometimes being willing to sink the whole thing is the only way to get a fair shake when dealing with these types of animals. If there's no chance of doing that then it is what it is. Your information from the BK lawyer is useful to this end.
I never said the bondholders where owed nothing. They are perhaps owed the value of their bonds. They are also perhaps owed a jail cell.
Like I said, you may be right. I just don't want to hear how lucky we all are for getting rolled and then a dollar dropped back on our bodies.
If you don't want people to think you're a duck, then don't quack like one.
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