bankruptcy
We’ve been keeping an eye on the Economic Newz, because sometimes you can “tell things” from the business reports that the political scumsacks won’t admit until it’s already common knowledge (“Unemployment continues to be a challenge,” etc.), and so far it looks like investors are all “Meh” on the debt ceiling/American Default stuff because the [...]
AIR AMERICA, DEAD: “It is with the greatest regret, on behalf of our Board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the Company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business.” [...]
Sorry but this might be a “LOCALS ONLY” post and the rest of you are just going to have to deal with that, okay? Okay. PSST, HUMANS IN WASHINGTON: our local professional sports team, the Redskins, who play in Maryland, is the worst organization on Earth!
QUITTERS: Chrysler will file for Chapter 11 bankruptcy after all. A small group of creditors didn’t want to negotiate on Chrysler’s $6.9 billion of secured debt, so now a judge will decide how much they get. Chrysler will still be teaming up with Fiat, though, so KEEP BUYING CHRYSLERS at the breakneck volume you’ve been [...]
Roll Call is a venerable old Capitol Hill rag we should read more often, as it has to do with “politics” etc., but it costs munnie$ for a subscription, so meh. It probably has lots of valuable information and things! Anyway, people on the Twitters think it might be shutting down. At least, MSNBC cartoonist [...]
Wow, this gal is a quick healer! Less than a month ago her jaw was wired shut, and here she is talking again. She says it’s good that newspapers are going bankrupt, because this is how competition works in the Free Market, and competition is good, because people want more choices rather than less, and [...]
Hedge Funds That Bankrupted Chrysler Are Terrified Of Internet Commenters
by Jim Newell
Many blame last week’s Chrysler bankruptcy on the fact that Chrysler is a shit company. They are wrong! It was really a group of hedge funds, holding large swaths of Chrysler debt, that rejected the administration’s settlement offer of a 33 cents-on-the-dollar payout and thus threw the company into its current quickie “nooner” of a [...]