Not Your Fathers Bail-Out ! Surprisingly a bankruptcy is hailed as a savior. Go figure. It appears that a deal to engage in bankruptcy was needed as everyone involved was taking a cut with the exception of some hedge fund creditors that were holding out for more government bail-out money. By using bankruptcy, the hedge fund creditors are guaranteed nothing as a judge will decide just who will get paid what in debts as it should be the way the law is written. So for once, the greedy may get nothing and… […]