Subject:
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Re: Bush defends exclusion order on contracts
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Mon, 15 Dec 2003 22:42:59 GMT
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Viewed:
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398 times
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In lugnet.off-topic.debate, Scott Arthur wrote:
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In lugnet.off-topic.debate, Mike Petrucelli wrote:
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Wait why would Iraq have a debt? Saddam’s regime had a debt but what does
that have to do with Iraq?
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Who else should pay it. When a company gets a new CEO, does its debt usually
get wiped?
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Depends if the old CEO is responsible for bringing the company to its knees.
Often when companies go into receivership the creditors receive a miniscule
portion of what is owed. But generally those creditors are not barred from
helping to re-build the company based on how they voted at the last AGM...
ROSCO
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Message has 3 Replies:
 | | Re: Bush defends exclusion order on contracts
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| (...) The company/CEO analogy is a bit squiffy, we're talking about soverign nations, not corporations which presumably are a bit more constrained and tend to make contracts, not treaties. So it ought to be ditched as not very appropriate The proper (...) (21 years ago, 16-Dec-03, to lugnet.off-topic.debate, FTX)
| | | odious debts
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| (...) I found this interesting: (URL) What are odious debts?> "If a despotic power incurs a debt not for the needs or in the interest of the State, but to strengthen its despotic regime, to repress the population that fights against it, etc., this (...) (21 years ago, 16-Dec-03, to lugnet.off-topic.debate, FTX)
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Message is in Reply To:
| | Re: Bush defends exclusion order on contracts
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| (...) Who else should pay it. When a company gets a new CEO, does its debt usually get wiped? (...) That may be a reason for some *individuals* to appose the invasion. However, it does not explain the millions across the world who opposed the war; (...) (21 years ago, 15-Dec-03, to lugnet.off-topic.debate, FTX)
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