Bailouts & stakeholders; the OAS & Cuba


I am not a member of the United Auto Workers, or a holder of GM stocks or bonds, or a hedge-fund manager in Greenwich, Connecticut. So I approached Nick Baumann's article (“Rules of the Road,” July 17) without any obvious bias. Baumann begins by agreeing with critics of the Chrysler reorganization plan that bondholders are not being treated fairly. He goes on to argue that...

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