MGM Bankruptcy Watch p.7

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Corporate raider Carl Icahn is pushing to force the company into bankruptcy.  Mr. Icahn has hundreds of millions of dollars in corporate debt (usually bonds).  He wants to force the company into bankruptcy so that he'll be first in the credit line and to wipe out all other shareholder value.  (Marketwatch)

I used to love roller coasters when I was kid.  I can't stand them much know.  I'd probably end up spilling my guts everywhere.  This MGM roller coaster ride is as bad as it gets.  One minute they can't get financing.  Then re-negotiation saves the day.  Then Icahn wants to murder them.

I think I'm nauseous.


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