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How are bondholders going to get 25% if the IS government has 60%, the Canadian government 10% or so, and the unions 17% or so??

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Mon Jun 1st, 2009 at 04:44:11 PM EST
[ Parent ]
This is only a problem for those who are part of the reality-based community.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Mon Jun 1st, 2009 at 05:56:32 PM EST
[ Parent ]
Warrants that can only be exercised once the new GM is profitable?  I recall something to that effect.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jun 2nd, 2009 at 12:10:05 AM EST
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