Govt already did change the rules of commerce in determining the waterfall of bondholders rights in Chrysler. No smart private investor will provide debt to any large U.S. company with a unionized workforce as the Govt has proven it might turn the debt holder rights upside down
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denis sheeran commented on Lenny Mendonca: Will Big Government Change The Rules Of Commerce? on June 1, 2009, 9:51 PM
Govt already did change the rules of commerce in determining the waterfall of bondholders rights in Chrysler. No smart private investor will provide debt to any large U.S. company with a unionized workforce as the Govt has proven it might turn the debt holder rights upside down