Charter is already in the bankruptcy process – so this isn’t about a new bankruptcy.
According to the International Business Times here, Charter’s plans to get in and out of bankruptcy fast have run into a snag. Wells Fargo and JP Morgan have both objected to the “quick prepackaged bankruptcy” and will not agree to it.
Are you listening Tim Geithner? GM? Chrysler?
Seeing how the CEO of Bank of America is being treated now for “going along with the government”, look for a lot more resistance to being told by the U.S. Treasury “the way things are going to work”.
It’s possible that a US Bankruptcy judge may have more power than the U.S. President. Perhaps people working at the Federal Reserve bank didn’t know that.