20th
HFM's dream
HFM: In the US, as much as you hear people complaining about the bankruptcy process, that’s my wet dream, to go through bankruptcy processes in the US. They’re so much more fair and speedy and transparent than ninety-nine percent of the jurisdictions I’m used to.
n+1: You’d love to go through bankruptcy in the US?
HFM: No, I’d love to put people through one. If I could take these recoveries and put them through a US bankruptcy process, that would make a lot more sense. Even with Obama interfering with the bankruptcy process politically—where the Chrysler secured lenders feel really bad about the fact that they wind up getting twenty-five cents on the dollar, and some of the unsecured creditors got a better recovery—to me that would probably be a good result. In some of the jurisdictions I deal in that would be a spectacular result.
