Recent content by Track P

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    Did Warren Buffet become too senile?

    In response to a question about the worst possible development for Berkshire Hathaway's vast insurance operations, Mr. Buffet responded: nationalization. It's highly unlikely that such a development would happen, he added. But he did note the example of Social Security, which is a form of a...
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    What dirty tricks did Barack Obama administration use to convince the

    creditors of Chrysler to accept? to accept 28 cent on a dollar of secure debt, whereas junior creditor UAW receives 80 cent on a dollar. What leverage did Barack Obama use against the creditors? Why did large banks accept the dirty deal, whereas pension funds rejected the deal? How much...
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    Why does Barack Obama administration ignore it obligation to enforce business contracts?

    How does such irresponsible behavior help to encourage investments in American economy? In the Chrysler deal, the [United Auto Workers] were unsecured creditors and the Chrysler bondholders were secured creditors. The bondholders received 28% of the value of their $6.9 billion in bonds in cash...
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