SATX From United States of America, joined Apr 2005, 2840 posts, RR: 8
Reply 1, posted (8 years 5 months 2 weeks 6 hours ago) and read 2859 times:
Bronner, head of the Retirement Systems of Alabama, is being left behind by US Airways' second reorganization. The pension group invested $240 million for 37.5 percent control of US Airways during its 2002-2003 bankruptcy. It did so by topping Bonderman's Texas Pacific Group's bid of $200 million. But the Alabama group's equity is wiped out by US Airways' second bankruptcy.
What kind of moron makes investments like this? Oh, that's right, it wasn't his money. Looks like some other folks got screwed big time.
Open Season on Consumer Protections is Just Around the Corner...
USAF336TFS From United States of America, joined Apr 2005, 1445 posts, RR: 52
Reply 5, posted (8 years 5 months 1 week 6 days 9 hours ago) and read 2058 times:
I still have serious doubts that this marriage of convenience will turn out as advertised. I wouldn't be surprised the the "Born-Again US Airways" will be back again in bankruptcy court in several years.
336th Tactical Fighter Squadron, 4th Fighter Wing, Seymour Johnson AFB