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The bankruptcy lottery: Part 3, No right to control a company
[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith At one time, some people remembered, there had been a recital of some sort, performed by the official of the lottery, a...
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The bankruptcy lottery: Part 4, Orchestrated to avoid any shareholder vote
[Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith Old Man Warner snorted. “Used to be a saying about ‘Lottery in June, corn be heavy soon.’ First thing you...
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The bankruptcy lottery: Part 5, Uncontrolled caprice of officials
[Continued from Friday’s Part 4 and the preceding Part 1, Part 2, and Part 3.] Instant wakeup analysis of today’s Greek bailout agreement by David Mamet (in Glengarry Glen Ross, 1992) Williamson: If...
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The bankruptcy lottery: Part 6, Equity would have been worthless
[Continued from yesterday’s Part 5 and the preceding Part 1, Part 2, Part 3 and Part 4.] By: David A. Smith “It’s Tessie,” Mr. Summers said, and his voice was hushed. “Show us her paper. Bill.” Bill...
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The bankruptcy lottery: Part 7, Without fear of reprisal
[Continued from yesterday’s Part 6 and the preceding Part 1, Part 2, Part 3, Part 4, and Part 5.] By: David A. Smith The children had stones already. And someone gave little Davy Hutchinson few...
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