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Re: The Sanctity Of Money Over People 

By: ribit in FFFT3 | Recommend this post (3)
Fri, 03 Oct 14 4:57 AM | 92 view(s)
Boardmark this board | Food For Further Thought 3 		Msg. 02981 of 65535
(This msg. is a reply to 02957 by wilful)
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wilful
I'd like to see the stockton pensioners get the same deal that the folks who owned gm stock got from obonzo.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Re: The Sanctity Of Money Over People
By: wilful in FFFT3
Thu, 02 Oct 14 11:05 PM 		Msg. 02957 of 65535

KTC -

"Stockton argued that it must make its pension contributions for public employees before its creditors are paid the entire amount they are owned."


They may "argue" that, but in a bankruptcy - seldom are any creditors "paid the entire amount they are owned."

I side with the judge's ruling - and hope it holds up. Also, maybe throw Templeton a small bone (couple mil). It's not all unsecured. KTC may like the golf courses.

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