[patb]

[quote=patientrenter]Why worry? If a lot of people don’t want to pay the loans back, then the loans will be ‘modified’. Presto! No more problems, and everyone is happy.[/quote]

You know how citimortgage is now suing for losses on recourse mortgages
well here it’s the IRS that gets to enforce.

[patb]

GM assemblers get $14/Hour, plus 7 in bennies and OT when it’s there.

All the rest is legacy costs to the guys on retirement.

[patb]

GM assemblers get $14/Hour, plus 7 in bennies and OT when it’s there.

All the rest is legacy costs to the guys on retirement.

[patb]

GM assemblers get $14/Hour, plus 7 in bennies and OT when it’s there.

All the rest is legacy costs to the guys on retirement.

[patb]

GM assemblers get $14/Hour, plus 7 in bennies and OT when it’s there.

All the rest is legacy costs to the guys on retirement.

[patb]

GM assemblers get $14/Hour, plus 7 in bennies and OT when it’s there.

All the rest is legacy costs to the guys on retirement.

[patb]

I’ve seen cities and counties file Chapter 9,
but despite sovereignty, does that not still
prohibit a chapter 9 filing?

I could see that debtors may not be able to
force Chapter 7, but what prevents a state
from petitioning a court and asking for a Chapter 9
hearing?

of course, even if the state can’t enter CH 9
it can be forced into Functional bankruptcy.
The Rating agencies can writ ethe risk up to C grade
risk, the banks could stop all lending, leaving
only the federal reserve or treasury as a lender.

Of course at that point if the state is sovereign
it can waive Prop 13, to rewrite taxes,
and it can also go to the IMF or World bank….

That would be interesting. California as an IMF client.

[patb]

I’ve seen cities and counties file Chapter 9,
but despite sovereignty, does that not still
prohibit a chapter 9 filing?

I could see that debtors may not be able to
force Chapter 7, but what prevents a state
from petitioning a court and asking for a Chapter 9
hearing?

of course, even if the state can’t enter CH 9
it can be forced into Functional bankruptcy.
The Rating agencies can writ ethe risk up to C grade
risk, the banks could stop all lending, leaving
only the federal reserve or treasury as a lender.

Of course at that point if the state is sovereign
it can waive Prop 13, to rewrite taxes,
and it can also go to the IMF or World bank….

That would be interesting. California as an IMF client.

[patb]

I’ve seen cities and counties file Chapter 9,
but despite sovereignty, does that not still
prohibit a chapter 9 filing?

I could see that debtors may not be able to
force Chapter 7, but what prevents a state
from petitioning a court and asking for a Chapter 9
hearing?

of course, even if the state can’t enter CH 9
it can be forced into Functional bankruptcy.
The Rating agencies can writ ethe risk up to C grade
risk, the banks could stop all lending, leaving
only the federal reserve or treasury as a lender.

Of course at that point if the state is sovereign
it can waive Prop 13, to rewrite taxes,
and it can also go to the IMF or World bank….

That would be interesting. California as an IMF client.

[patb]

I’ve seen cities and counties file Chapter 9,
but despite sovereignty, does that not still
prohibit a chapter 9 filing?

I could see that debtors may not be able to
force Chapter 7, but what prevents a state
from petitioning a court and asking for a Chapter 9
hearing?

of course, even if the state can’t enter CH 9
it can be forced into Functional bankruptcy.
The Rating agencies can writ ethe risk up to C grade
risk, the banks could stop all lending, leaving
only the federal reserve or treasury as a lender.

Of course at that point if the state is sovereign
it can waive Prop 13, to rewrite taxes,
and it can also go to the IMF or World bank….

That would be interesting. California as an IMF client.

[patb]

I’ve seen cities and counties file Chapter 9,
but despite sovereignty, does that not still
prohibit a chapter 9 filing?

I could see that debtors may not be able to
force Chapter 7, but what prevents a state
from petitioning a court and asking for a Chapter 9
hearing?

of course, even if the state can’t enter CH 9
it can be forced into Functional bankruptcy.
The Rating agencies can writ ethe risk up to C grade
risk, the banks could stop all lending, leaving
only the federal reserve or treasury as a lender.

Of course at that point if the state is sovereign
it can waive Prop 13, to rewrite taxes,
and it can also go to the IMF or World bank….

That would be interesting. California as an IMF client.

[patb]

[quote=flu]It’s really pathetic that candidates from both parties are just so……lame…..[/quote]

I find nothing lame about Obama, He’s very smart, he’s working on health care,
he’s winding down the Iraq war, He’s got a strategy for Afghanistan.

Now i disagree with his treasury policy, and his afghan policy, but lame he isn’t.

[patb]

[quote=flu]It’s really pathetic that candidates from both parties are just so……lame…..[/quote]

I find nothing lame about Obama, He’s very smart, he’s working on health care,
he’s winding down the Iraq war, He’s got a strategy for Afghanistan.

Now i disagree with his treasury policy, and his afghan policy, but lame he isn’t.

[patb]

[quote=flu]It’s really pathetic that candidates from both parties are just so……lame…..[/quote]

I find nothing lame about Obama, He’s very smart, he’s working on health care,
he’s winding down the Iraq war, He’s got a strategy for Afghanistan.

Now i disagree with his treasury policy, and his afghan policy, but lame he isn’t.

[patb]

[quote=flu]It’s really pathetic that candidates from both parties are just so……lame…..[/quote]

I find nothing lame about Obama, He’s very smart, he’s working on health care,
he’s winding down the Iraq war, He’s got a strategy for Afghanistan.

Now i disagree with his treasury policy, and his afghan policy, but lame he isn’t.

[Author]

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