RKMBs Forums .::Important::. Politics and Current Events Democrat Leaders Want Automaker Bailout

But if, as you claim, 2/3 of the investors can get together and essentially strip the secured creditors of their rights, there is no validity to the Democrat talking point that the secured creditors are "holding up" anything, is there?

It further contradicts your claim that the secured creditors are "not automatically entitled to better treatment." It demonstrates that they are, in fact, entitled to better treatment unless and until certain events occur.