ClueByFour
Veteran
USA320Pilot said:
(for those keeping track, this is the first of the logical fallacies of debate--a hint of strawman, with a smidge of red herring)
Of course. Can you explain why GECAS wants 25 planes back, and $100 million in other equity, which has yet to be found?
(You did not address this, and instead launched into a tangent that had nothing to do with what I wrote, so I'll bold it for you this time).
Can you explain why EDS wants to be prepaid??
Two of the largest creditors making noises like this don't make for "confidence," at least from anyone concerned with substance as opposed to spin.
(This could be a number of logical fallacies, but we'll go with argumentum ad verecundiam with a small dose of red herring, or perhaps the rare complex question)
That has nothing to do with confidence. Mitchell endorsed the first POR--can you name me an individual who would call that a swell idea that builds confidence?
(Ah, I'd been waiting for the argumentum ad hominem, which is what the quoted poster falls back on whenever the argumentum ad nauseam is debunked)
So, GE is not taking planes back from US, requiring somebody else to post exit equity, and attempting to dictate another premature exit from bankrupty, which hurt the company the last time? Do you equate these actions with confidence (and I can easily go back and pull your posts from a few months ago, where you were "warning" about GE taking their ball and going home)? Most people don't, but most are not quite as desperate.
As for "being wrong" in a broader context, my firm stopped selling stuff to US at anything beyond "cash on delivery" terms some months before bankruptcy (due to the logically correct "lack of confidence) and will continue to do so until the company liquidates or produces a decent credit rating after emerging from bankruptcy. Ergo, we were not left stuck with unsecured debt, and US still has to buy our stuff (since nobody else makes it). So, US could go belly up, GE will lease the fleet to somebody else, and I've lost nothing (financially, anyway--my feelings on most of the frontline employees at US are well known). If that's wrong, well, I know what I'll be doing at the end of 1/05.......
