Today at work a small group of us were talking about birthday’s and the birthday paradox.
Comparing birthdays, someone asked me mine, “October 15th”, I replied.
“You know what’s funny, is two guys here actually had the same birthday.”
“What date?”
“I don’t know, but one of them was Rob. Oh, here he comes. Rob, when’s your birthday?”
“October 15th.”
There are roughly 130,728,360 taxpayers in the United States.
25,000,000,0000 divided by 130,728,360 is 191.23.
So what Detroit is asking is that every American taypayer, rich or poor, be forced to give them $191.23 so they can continue to make shitty cars.
And now Nancy Pelosi is saying it’s going to happen. To quote: “I think it’s pretty clear bankruptcy is not an option.”
Can someone please explain why?
Chapter 7 is when you liquidate a company. So far, nobody is talking about that.
Chapter 11 is for reorganization of a company. It’s been in place for ages. Instead of talking down to the public, perhaps Ms. Pelosi could explain why it’s so obvious it’s not an option?
Linkblog