Goverment Motors n.— «Now, “we the people” are on the hook and are the official owners of over 60% of General Motors. Or as it is called today; “Government Motors.”» —“The GM Bankruptcy: Only The Tip Of A Very...
cram-down n.— «Paulson, run by former Bear Stearns (BSC) investment banker John Paulson, stands to rake in a windfall if the measure passes. The key bill, introduced last month, would allow federal judges to restructure mortgage terms and...
Costanza wallet n.— «This week’s color Doonesbury comic talks about the bankruptcy of the “J. Pretensions” catalogue company. I thought Garry Trudeau would have used the real name. The Costanza wallet for him...
poison put n.— «In December 1995, following several quarters of weak sales, Kmart Corp. came on the brink of a bankruptcy filing: Their problems stemmed from the possible exercise of $550 million of poison put bonds outstanding, which...