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Chap 11 is home run to single asset owners IMO

Posted on: February 25, 2020 at 14:27:24 CT

mu7176grad MU

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M.O.B. Votes:

used a ton in real estate to fight with lenders who should never have financed the deal to start with

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MESSAGE THREAD

4tigs..to answer your question - meatiger MU - 2/25 14:16:17

You do make some points but Ds vote for bailouts as - jmlppx MU - 2/25 14:27:37

"designed" - meatiger MU - 2/25 14:33:44

And some do materialize. Nothing is 100% - jmlppx MU - 2/25 14:37:49

Are jobs contractually promised? By whom? (nm) - JeffB MU

- 2/25 14:34:58

They should be - meatiger MU - 2/25 14:37:09

And? (nm) - pickle MU

- 2/25 15:02:12

Multiple problems with that analogy. Giving tax breaks is - JeffB MU

- 2/25 14:58:04

Just asking, isn't Illinois dominated by Democrats (nm) - jmlppx MU - 2/25 14:38:58

Yes - meatiger MU - 2/25 14:43:27

That is certainly true(nm) - jmlppx MU - 2/25 14:44:16

Yeah, but with the wealth in that state and such progressive - JeffB MU

- 2/25 14:41:18

Can't stop laughing at IllAnnoy. A true cluster(nm) - jmlppx MU - 2/25 14:42:38

True dat. It amazes me that people don't see how poorly - JeffB MU

- 2/25 14:47:32

Very few paradigms that work locally - meatiger MU - 2/25 14:52:54

I don't follow. Locally, people decide for themselves what - JeffB MU

- 2/25 15:00:36

Agreed on that - meatiger MU - 2/25 15:02:25

Very screwed up state - meatiger MU - 2/25 14:46:17

Why should jobs be contractually promised? By universities?(nm) - JeffB MU

- 2/25 14:38:08

Never said Ds did not vote for bailouts - meatiger MU - 2/25 14:30:33

You are being gracious - 4TigersinMichigan MU - 2/25 14:29:06

True, sometimes gracious works, sometimes not😂(nm) - jmlppx MU - 2/25 14:40:27

And that is apples and oranges - 4TigersinMichigan MU - 2/25 14:27:26

Government bailed out many banks during the - ashtray UF - 2/25 15:02:24

And that is not a bankruptcy per his post - 4TigersinMichigan MU - 2/25 15:09:38

they would have gone bankrupt had it not been for - ashtray UF - 2/25 15:14:32

Both are wrong - 4TigersinMichigan MU - 2/25 15:16:56

yes, but to right the previous wrong - ashtray UF - 2/25 15:22:47

Damn - 4TigersinMichigan MU - 2/25 15:25:09

Can you point out - meatiger MU - 2/25 14:29:49

Your strategy wouldn't work. The federal government does - JeffB MU

- 2/25 14:33:26

RE: Your strategy wouldn't work. The federal government does - meatiger MU - 2/25 14:39:30

You nailed it - I can't add to it(nm) - 4TigersinMichigan MU - 2/25 14:38:16

No - pickle MU

- 2/25 14:25:38

the cost of bankruptcy is to the shareholder and lenders - tiger4real MU - 2/25 14:21:37

Chap 11 is home run to single asset owners IMO - mu7176grad MU - 2/25 14:27:24

The courts operate on taxpayer money. (nm) - ummmm MU - 2/25 14:26:13

Yes, but creditors are not being repayed - pickle MU

- 2/25 14:29:55

Yeah, but I wouldn't call that the "cost of bankruptcy" (nm) - ummmm MU - 2/25 14:33:43

Were creditors not paid by taxpyers - meatiger MU - 2/25 14:33:02

i’m talking about bankruptcies - pickle MU

- 2/25 14:56:17

I think pickle is talking about your run of the mill - ummmm MU - 2/25 14:33:59

mostly true - meatiger MU - 2/25 14:35:51

Forgiven taxes is not akin to receipt of taxpayer money(nm) - ummmm MU - 2/25 14:40:15

It is forced upon them though - meatiger MU - 2/25 14:26:11

And to JeffB - meatiger MU - 2/25 14:17:03

I blame the government even when the banks are making the - JeffB MU

- 2/25 14:21:56

the government makes the loans now - meatiger MU - 2/25 14:23:47

I get that. Saw it earlier in the thread below. My point is - JeffB MU

- 2/25 14:28:27

agreed - meatiger MU - 2/25 14:31:49