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Old 12-02-2007, 11:01 AM   #49
Thinks s/he gets paid by the post
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Join Date: Jun 2006
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Quote:
Originally Posted by Texas Proud View Post
And it is hard (impossible) for the gvmt to change a contract after the fact... so it seems like a lot of wind being spent for something that might not happen..
Yup, I think you've hit on the hitch in the plan. Work-outs involve contract modifications. Massive automated work-outs are unprecedented. It'll be interesting to see how (or if) they actually implement this.
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