tag:blogger.com,1999:blog-12346369.post2264037871606070959..comments2024-01-07T04:17:25.735-07:00Comments on Rabid Sanity: Feces, Fan CollisionStevehttp://www.blogger.com/profile/15133076527504338868noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12346369.post-55389509510752467272009-05-04T22:34:00.000-06:002009-05-04T22:34:00.000-06:00Dave:
The “Non-TARP Lenders” have raised the conf...Dave:<br /><br />The “Non-TARP Lenders” have raised the conflict-of-interest issue in a recent filing:<br /><br />http://www.bloomberg.com/apps/news?pid=20601087&sid=akN5X_zxhVR0&refer=home<br /><br />They also claim to be receiving death threats. Ha ha ha.Max Bucksnoreply@blogger.comtag:blogger.com,1999:blog-12346369.post-75723030968410767342009-05-04T21:04:00.000-06:002009-05-04T21:04:00.000-06:00It's been 13 years since I took bankruptcy, and ha...It's been 13 years since I took bankruptcy, and have managed to avoid it ever since. But I think that there is a good takings element here with the intercession of the government. Kelo could be used to justify it in a way, but that would open up a political can of trouble that the government probably wouldn't survive.Stevehttps://www.blogger.com/profile/15133076527504338868noreply@blogger.comtag:blogger.com,1999:blog-12346369.post-76486987000343066982009-05-04T19:20:00.000-06:002009-05-04T19:20:00.000-06:00I dunno, Steve. Lauria makes a hell of a case in ...I dunno, Steve. Lauria makes a hell of a case in the motion but there are precedents in BK law that require only 2/3rds of the senior secured lenders to agree to debt forgiveness to allow an asset discharge under Sec. 363. This is a tough battle and I think, given the fact that the judge, Gonzales, has already affirmed the DIP financing (read: let the horse out of the barn), that the creditors Dave Budgehttps://www.blogger.com/profile/05187295767317482534noreply@blogger.com