T1B

http://finance.yahoo.com/news/Wall-Stre ... ?x=0&.v=12

So now the Micks are getting bailouts from the EU..after Greece got their ass bailed out..and some of the blame is put on corruption and EXCESSIVE GOVERNMENT SPENDING !! Fuckin a man..newsflash!! :doh: :doh:

More Chinese speak English than there is people in in the US..going to make calling those markers in pretty easy for them ..and yet our government continues to deficit spend like crazy..and yes libtards..the fuckin war costs a lot and that needs to end as well..

with all that english speakin' going on over there, they'll know what we mean when we laugh and tell them to get in line with the other creditors.

the obama admin pretty much already said it's OK to tell creditors to pound sand when they did it to secured bond holders of chrysler while allowing the uaw to slide in a few places ahead of them in line.

the really amazing thing is that there is anyone left that will still loan us money. not that it matters, bernanke can just turn the 20 dollar bill presses up a notch or two if neccessary.

smackaholic wrote:the obama admin pretty much already said it's OK to tell creditors to pound sand when they did it to secured bond holders of chrysler while allowing the uaw to slide in a few places ahead of them in line.

I'm not an expert on the Chrysler bankruptcy, but two things:

1. To the extent that UAW was representing Chrysler employees who were making a claim for unpaid wages within 180 days of Chrysler's bankruptcy, that claim was entitled to priority. http://codes.lp.findlaw.com/uscode/11/5/I/507 [subparagraph (a)(4)]

2. The final call, in any event, would have been made by a Bankruptcy Judge.

Terry in Crapchester wrote:I'm not an expert on the Chrysler bankruptcy, but two things:

1. To the extent that UAW was representing Chrysler employees who were making a claim for unpaid wages within 180 days of Chrysler's bankruptcy, that claim was entitled to priority. http://codes.lp.findlaw.com/uscode/11/5/I/507 [subparagraph (a)(4)]

That priority list is for unsecured claims, you stupid dipshit.

mvscal wrote:

Terry in Crapchester wrote:I'm not an expert on the Chrysler bankruptcy, but two things:

1. To the extent that UAW was representing Chrysler employees who were making a claim for unpaid wages within 180 days of Chrysler's bankruptcy, that claim was entitled to priority. http://codes.lp.findlaw.com/uscode/11/5/I/507 [subparagraph (a)(4)]

That priority list is for unsecured claims, you stupid dipshit.

Obviously you didn't even bother to read the link I posted. If you had, you would've come across this:

Second, administrative expenses allowed under section 503(b) of this title, and any fees and charges assessed against the estate under chapter 123 of title 28.

Just in case you're wondering, that would include fees due to the Bankruptcy Court from the Debtor for the case. Do you honestly think those would be subordinate to secured claims?

Remind me again, when was the last time you practiced in Bankruptcy Court?