said by rahvin112:That is an incredibly ignorant post. You would suffer a Bank to lose money over the net loss of a bad investment or You would push tax payer money to save Paul Allen, one of the richest men in america a pittance of money (against his total net worth)? This is from a poster who is criticizing Obama for trying to provide universal health coverage, the irony is overwhelming.
Paul Allen setup charter during the dot com boom and took the company public in an IPO near the end of the boom, raking in billions to compensate for his initial investment while at the same time retaining controlling interest in the company. Now a plan is proposed to wipe out much of the debt (at a severe loss to every lender) that also places the interests of an equity investor above those of a lender and you support it? As I said the irony and hypocrisy is overwhelming given the politics you espouse in your personal signature. Sounds like you fit in well in the Cheney view of the world, screw the masses for the benefit of the few. Bet he's your personal hero.
Couldn't have stated it better myself.
