tag:blogger.com,1999:blog-32931256.post3637650175535985124..comments2024-03-22T05:20:44.167-07:00Comments on The Disaffected Lib: Another Tale of Deregulation WoeThe Mound of Soundhttp://www.blogger.com/profile/09023839743772372922noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-32931256.post-50043885878613398422011-02-16T06:18:29.364-08:002011-02-16T06:18:29.364-08:00Not as many get stinking rich as the number who ex...Not as many get stinking rich as the number who expect to get stinking rich. Mulroney 'privatized' Air Canada and most of the employees rushed to pick up stock. When Air Canada subsequently failed, that shareholder equity was wiped out by secured creditors. Once the airline was cleansed of its obligations to its unions, shareholders and ordinary creditors, it was recycled as a new, leaner airline.<br /><br />Chapter 11 in the US was intended to rescue otherwise valid companies in financial distress. Today it's often used as a convenient management tool.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-17050922086279332162011-02-15T10:40:26.468-08:002011-02-15T10:40:26.468-08:00Well sure, but a lot of people got stinking rich, ...Well sure, but a lot of people got stinking rich, so it's all good.double nickelhttps://www.blogger.com/profile/02067401914703468252noreply@blogger.com