05-05-2008, 12:56 PM
Actually it's the stockholders that get stiffed in a reorg. The bond holders are in or near the front of the line (depending) and usually get something. The shareholders most often end up with nothing. That said, that is the risk you take when you invest.
And no, we are NOT in recession, defined as two consecutive quarters of negative GDP. We haven't even had ONE negative quarter yet, despite everything that has gone on. The economy is not good, but it's not even close to what we experienced n the 70s much less the 30s.
And no, we are NOT in recession, defined as two consecutive quarters of negative GDP. We haven't even had ONE negative quarter yet, despite everything that has gone on. The economy is not good, but it's not even close to what we experienced n the 70s much less the 30s.