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    • “You seem to think an unprecedented sittauion like a GM bankruptcy was going to follow precedent. There is nothing to base that assumption on. I will keep my junk bonds in a diversified high-yield bond fund for just that reason.”and just what was so “unprecedented” about GM?nothing.it was just big.would you expect a murder trial to go differently and use different laws because you killed an unprecedented number of people? or stole an unprecedented number of cars? embezzled unprecedented money?no.the whole point of a predictable legal system is that such things are irrelevant. you have the same rights at trial if you stole $10k or $10 million. you should have the same rights as a creditor if you loans money to bob’s bait shack or general motors.anything else is capricious, arbitrary, and fascist.further, let’s face it, GM got into this position by getting bailed out last time. we’ll see them again and the mess will be even bigger. they are the corporate equivalent of paris hilton, lurching from mess to mess, protected from the consequences by patronage, learning nothing except how to game the system next time.that does not sounds like good policy to me.

    • You are showing a vcanacy for head coach on your website, however the link to the job description does not work, nor is there any way shown to apply for this position!!!!

    • Shoot, who would have thuoght that it was that easy?

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.