bankruptcy questions

To: PEN-L@xxxxxxxxxxxxxxxx
Subject: bankruptcy questions
From: Michael Perelman <michael@xxxxxxxxxxxxxxxxx>
Date: Wed, 21 Sep 2005 17:18:04 -0700
User-agent: Mutt/1.2.5i

First, derailing the airlines might be necessary for environmental rationality.

http://www.breitbart.com/news/na/D8COL13O4.html

Second, Gene Coyle is absolutely correct that free markets cannot work with an
airline-like cost structions.

Finally, David might explain why workers sit so far down in the bankruptcy pecking
order.  Is their anybody else between workers & equity holders in the pecking order?

p.s.  Why do the incompetents who push their firms into ruin get plush deals to steer
the corp. through reorganization?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu

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Thread context:
- AdBusters declares war on the GDP, Leigh Meyers Thu 22 Sep 2005, 03:49 GMT
- hedging Sinophobia, Autoplectic Thu 22 Sep 2005, 03:18 GMT
  - Re: hedging Sinophobia, Lance Murdoch Thu 22 Sep 2005, 03:35 GMT
- new frontiers in inept accounting and cost control......, Autoplectic Thu 22 Sep 2005, 03:09 GMT
- bankruptcy questions, Michael Perelman Thu 22 Sep 2005, 00:18 GMT
  - <Possible follow-up(s)>
  - Re: bankruptcy questions, David B. Shemano Thu 22 Sep 2005, 02:07 GMT
    - Re: bankruptcy questions, Michael Perelman Thu 22 Sep 2005, 02:18 GMT
    - Re: bankruptcy questions, Daniel Davies Thu 22 Sep 2005, 10:19 GMT
  - Re: bankruptcy questions, David B. Shemano Thu 22 Sep 2005, 17:04 GMT

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