06-10-2009, 10:29 PM
Quote:My complaint is more in the way in which the bankruptcy is being orchestrated by the US government. The way bankruptcy is supposed to work is that the beneficiary should be the former stock and bond holders, and not Fiat, or the US government.
Common stockholders are invariably the last in line. They rarely recover much of anything. That's the way corporate bankruptcy works, orchestrated or not.