This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
Tuesday, June 9, 2009
McClatchy activities being investigated on behalf of bondholders?? (updated)
Secured debt was just rendered valueless today by the inaction of the US Supreme Court.
It doesn't really matter any longer if bond holders were coerced into accepting new terms. From this point forward secured debt is only secured at the pleasure of the US Government, specifically Barrack Obama.
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Secured debt was just rendered valueless today by the inaction of the US Supreme Court.
It doesn't really matter any longer if bond holders were coerced into accepting new terms. From this point forward secured debt is only secured at the pleasure of the US Government, specifically Barrack Obama.
Sad, sad day for America.
This is a one man law firm and also has this info on his site:
We are currently investigating the activities of the following companies:
1. U.S. Bancorp
2. Wells Fargo
3. Unisys Corporation
4. iStar Financial, Inc.
5. Mesa Air Group, Inc.
6. Nexstar Broadcastings, Inc.
7. Ashton Woods USA, LLC
8. NXP Semidonductors
9. Dayton Superior, Inc.
10. Gannet Co.
11. Georgia Gulf Corporation
12. Idearc, Inc.
Looks like they didn't want to keep this up for very long. Page Not Found at about 11PM
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