re: #94 Big Steve

That would have depended on the bankruptcy judge. While typically equity owners are at the end of the line, they can still get something. Also they would have been able to bring a class action suit in the case of going under, they were stripped of that right under the bailout.

I agree with both you and Buck that there seemed to be a bit of horseplay there, but I’ll still go with the “greater good” scenario.

Again, however — if Big Auto had gone under, would a class action suit have served any practical use other than to make a few lawyers rich?

I’ve got nothing to base this on other than a hunch, but wouldn’t most successful class action suits be those against companies who are currently in business?