PaintMyHouse
Diamond Member
- Banned
- #221
That is incorrect, as usual. What secures them, do they own a tiny piece of the factory? No, they own a piece of paper, not much better than owning a stock certificate, another piece of paper. Bonds become worthless at times, just like the stocks. Look it up.I would tend to agree however it appears they were creditors, and creditors are before bondholders who are before stockholders.Unions are not "secured" creditors.Yep, as they were being treated like a creditor I suspect but I haven't looked into that closely. Your turn...They were higher up the chain. Look it up.
So the union was a secured creditor? Really? That's the only way they could be higher according to your links.
Wrong. Bondholders are secured creditors. Union thugs aren't secured creditors.
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