Post by
bond46 on Dec 09, 2014 6:34pm
"All equal before the law" and other such myths
Called the office of the Monitor, the agency appointed by the Court to see through the "restructuring" (read theft of the company by the creditors) and was chatting with a woman of the office of the Monitor. I asked her if the shareholders would be represented in these proceedings by anyone. And she said "no" because the creditors have lost a lot of money and must get their money back. Current shareholders are out. Then I asked who is the current board protecting from the creditors, since the shareholders merit no such protection. She said "the company". Really, I said. Oh, she said those working at the company and so forth. I said, since when the bosses begun losing sleep for their workers; this is all news to me. The bosses to become "social benefactors"! What an joke, the foxes to share the same bed with the chicken or the wolves to guard the lamps. And she kept on and on with motherhood sermons. I said never mind that, Who is the board protecting the company against; since the creditors will benefit from taking the company to CCAA. Who is speaking for the shareholders, anybody? No one she said. So Shareholders rest in pieces. you may have thought the Board were your reps; well think again. The board is only after their pockets; and if you think of the Bates and the Senators of this world, they are not even good at that. At least Goldfarb and co know the meaning of money, who has it and who dispenses it. So when you breaking a traffic rule, you and the rich, you will be treated equally before the law. But when it's about money, the money men are more equal before the law; in fact they frame the law to protect their own interests. So people of the sweat and labor take notice.