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Which brings us to the real question, which is, when did it become the government’s job to intervene in the bankruptcy process to move junior creditors who belong to favored political constituencies to the front of the line?


Megan McArdle on Favorable Terms Given to Unions at the Expense of Senior Debt-Holders by the White House in the Chrysler Bankruptcy, “Union Power” (5/2/2009, Asymmetrical Information, via theatlantic.com)

Source: The Atlantic

  • 3 years ago
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Welcome to 哲哲Shorts - think of this tumblog as 哲哲Trees on holiday. I try to post (or repost, as is often the case) here on a daily-basis things both from tumblr and from around the web that pique my interest. I hope you enjoy your visit.

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