Ron, the aforementioned Bronx 3 Card Monte Game takes plastic, IRAs, Roths, Keoghs & Profit Sharing Plans. lol Free Coffee & Cake & Kibbitz, too!
Apples & Crude oil Oranges. In the GGP deal, the assets were worth MORE than the liabilities. It was the frozen credit market that forced the filing. Those who bought in the $.30 made a great return.
Ron, what about when a company gives one large bondholder a 2nd lien swap and doesn't offer the same deal to ALL the bondholders holding the same issue?