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: Instapundit.comMEGAN MCARDLE: Bankruptcy: Cui Bono? ?The administration?s actions weren?t debtor-friendly, they ?
By Glenn Reynolds
MEGAN MCARDLE: Bankruptcy: Cui Bono? “The administration’s actions weren’t debtor-friendly, they were insider friendly. This was classic collusion among creditors, and it’s why the parts of the bankruptcy law that deal with Section 363 sales spend so much time talking about the importance of avoiding sham transactions. Cutting back on that sort of abuse was at least as important an achievement as giving debtors a fresh start.”
Full post as published by Instapundit.com on May 10, 2009 (boomark / email).
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