Adam B. Badawi and Anthony J. Casey decided to sign their names on top of a turdly paper, link below.
http://www.nyujlb.org/wp-content/uploads/nyb_10-2_443-477_Badawi.pdf
Is it legal for the government to come in, write down your assets, scream insolvency, take everything, and then write them all back up?
These two clowns aren’t paying any attention to the fact that the government’s own involvement is what created the insolvency in the first place. Once the government was finished writing everything down, they got to pay their prior director Ed Demarco to operate outside of the governing body of law at the time, HERA, where he should only do things that conserve and preserve which in this case was not to agree, but I digress, the man wasn’t being a conservator, he was and still is a backdoor dumper. For those of us with pooper scoopers that have to shimmy shimmy bang bang around to clean up this mess he’s made in his pants, let’s take a look at some crummy paper authored by someones who share the mental ineptitude of a chimpanzee.
If you borrow and can pay back in 5 years, is that really a situation where you are bankrupt?
Also, why should I consider your projections of time’s past as they are created today when they’re impossibly wrong. You aren’t factoring in anything that was on the table.
Feel free to base your logic on alternative realities. What are we doing?
“The only plausible objection to taking the financing is that the transaction amounted to self-dealing.”
Well, that’s a great explanation of what happened, what exactly kept you from seeing the light?
Ed Demarco, prior Director of US Treasury, gave 2013’s world’s most profitable company to US Treasury. Surprise!