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1. Comment - Fourteen states' attorneys general join opposition to XM + Sirius

   (Jul 7, 2008 - 10:40 PM)

   Where have these people been for the past year and a half? It seems to me that now that we are close to approval some desperate parties who are strongly anti-merger are doing everything in their power to rally support to effectively kill the deal. What we're going to end up with here is no satellite radio at all. While not technically "insolvent", both companies are close to insolvency. Both companies have a substantial negative capital positions that preclude any form of recapitalization in this economic environment. The deterioration in both company's financial conditions make the future success of even a merged company a long shot at best.