logic or intuition? You be the judge.

Lower Interest Rate Will Save PG&E $500M in Bankruptcy Case

An alliance of creditors, bondholders and those who sold PG&E goods and services argued the proper interest rate should be based on the terms of PG&E's contracts [!] with individual creditors or tied to the much higher California state judgment interest rate of 10%.

"While unsecured creditors are entitled to postpetition interest in a solvent estate, the Bankruptcy Code requires application of the federal interest rate [2.59%] to those claims and that such an application does not impair these claims," Montali wrote in a 17-page ruling.

primitivist caselawism

Montali HINTED he would likely apply the lower-interest rate at a bankruptcy hearing this month. The judge said he was bound by the 2002 Ninth Circuit decision In re Cardelucci, which states that using the federal rate for all debts "ensures equitable treatment of all creditors" and "promotes fairness among creditors."

supreme beings: Ban on Private Prisons Challenged as Unconstitutional
"This transparent attempt by the state to shut down the federal government's detention efforts within California's borders is a direct assault on the supremacy of federal law, and it cannot stand"