The following is taken from page 2, of today’s Boone County Journal which is available free of cost at merchants across the area.
This is a picture regarding the 1954 campaign referenced in Mr. Wolf’s editorial.
Click on the photocopy to enlarge.
Friday, June 3, 2011
Automakers’ Bailout and Bankruptcies Shortchanged Accident Victims - ProPublica
Chrysler and General Motors were released of some legal liability for product defects, the Wall Street Journal reported today. As a result, the automakers do not have to pay out damages to car-accident victims [1] who had lawsuits pending or had already won damages before the companies filed for bankruptcy.
University of Pennsylvania law professor and bankruptcy expert told the Journal that it's an unusual case [1] of the government picking winners and losers. With mixed legal precedents on the issue, federal bankruptcy judges prioritized certain lenders—the U.S. Treasury, for one, received huge ownership stakes in the two companies—and left car accident victims in the lurch.
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