Academic

THE CHICAGO WAY: CONSEQUENCES: ?Bond investors literally can?t afford to lend to unionized compani?

By Glenn Reynolds

THE CHICAGO WAY: CONSEQUENCES: “Bond investors literally can’t afford to lend to unionized companies because it’s clear that current power in Washington will take the unions’ side, despite past bankruptcy law precedents that favor senior creditors. That means Washington’s actions in pushing for these bankruptcy verdicts to come out in favor of the unions will probably hurt unionized companies in the long run.”

Full post as published by Instapundit.com on May 27, 2009 (boomark / email).