What is Section 12 Bankruptcy?
1.
As opposed to Section 11, if you file for Section 12 bankrupcy, and you're successful, it means the Fed will bail you out.
AIG were succesful in their bid for Section 12 Bankruptcy, whereas Lehmann Bros were allowed to go under.
See
Random Words:
1.
“Bootslapping: to express political displeasure by throwing footwear.”
Source: Macintyre, Ben. "Who Puts the Boot Into the Shoe T..
