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Originally Posted by FreeFromContract
Jerry,
Remember back when (in the 80's or 90's?) the SEC allowed companies to collaterize their pension funds to get additional operating funds? Then we all read the stories of many of these companies filing for bankruptcy protection and going out of business and the pension funds were lost?
I wonder if the same potential exists here, given the fact that many states are facing severe fiscal deficits which must be closed before the end of the fiscal year.
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Yes! Within the corporate structure, there is a plan established that would be activated only upon certain conditions that are threatening the viability of the corporation. The name of that plan is (now check this out) "Poison Pill". It is a plan that is set up to make the corporation "economically undesirable", thus warding off the potential entities that are presenting a threat. Check out the variety of 'corporate' style websites and find if they have a glossary of terms as used in their org.
Jerry Carlos
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Summa Ratio est quae pro Religione facit.
If ever the laws of God and man are at variance, the former are to be obeyed in derogation of the latter.
'Many are the plans in a man's heart,
but it's the Lord's purpose that prevails."
Proverbs 19:21.
"The most important office in a democracy is the office of citizen."
Louis Brandeis, U.S. Supreme Court Justice (1916-1939) referring to the responsibility of voters.
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