05-02-2009, 03:57 AM | #1 | |
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White House threatening non-TARP
Chrysler lenders? And media ignoring it?
http://newsbusters.org/blogs/tom-blu...-non-tarp-lend Does anyone (besides Cali) not believe it, especially considering Obama's rhetoric? I thought the attorney questioned made a great point here: Quote:
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05-02-2009, 04:07 AM | #2 |
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Who gives a shit about contracts anyway? Obama has the mentality of a banana republic dictator. Does he know he wasn't elected king for life like his buddy Chavez?
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05-02-2009, 04:29 AM | #3 | |
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Obama needs to eliminate the checks and balances in order to push his socialist politics on the country. Bullying the courts into doing things his way is a good start. And replacing Souter with some far left extremist won't hurt his agenda as well.
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05-02-2009, 05:19 AM | #4 | |
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Quote:
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05-02-2009, 05:21 AM | #5 | |
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Can someone be held in contempt in bankruptcy court? That would be hilarious.
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05-02-2009, 10:44 AM | #6 |
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Yeah, I don't get how Obama can say that bankruptcy will only be 30 days, when as part of the executive branch, he no longer has any say. At least theoretically.
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05-02-2009, 06:44 PM | #7 |
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Cali needs to respond to this, especially considering his background.
To me, the TARP is more of an oligarchy issue than an Obama issue. The initiator of the coercion was Bush's secretary Henry Paulson, not Obama. TARP is despicable. Progressive experts have decried it all over as a transfer of wealth from taxpayers to the holders of those assets.
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05-02-2009, 09:02 PM | #8 | |
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Whether or not they have a lien, and whether or not it really is in first position, is almost always debatable. What type of assets do they have a lien on? Intangibles? Equipment? Something else? All assets? Was their lien perfected? Did someone else have a statutory lien which bumps their lien? Does someone else have possession (which typically trumps other types of liens, depending on the class of asset)? Did the document creating the lien (if there is one) provide for an exception in certain circumstances? Did it permit all loan documents (assuming there are any) to be amended under certain conditions? There are so many relevant questions and issues involved here that the article and her comments are virtually useless without more information. It also isn't clear what is happening with the assets either, nor is it clear what the result would be for her clients in a different type of bankruptcy (which may be necessary if all the parties can't agree on certain resolutions). Unless Venkman or Il Pad know the answers to the questions above, I am going to say they don't have a clue what they are talking about here. |
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05-04-2009, 02:44 AM | #9 |
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You're lost in the weeds...we see the big picture.
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05-04-2009, 03:18 AM | #10 |
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