Re: One coal company filed Ch 11 today.
for what its worth i started researching coal stocks and their bonds about 18 months ago. when you read a 10k or two you start to see how the epa was bringing back up stuff in 2010 that the coal mining companies thought were solved years ago. This is the same tactic used against the big banks when they were forced to buy back housing loans that are 10 years old and the banks thought they were done with them. there was a conscious effort to go after the coal mines through regulation and they won. they are f'ed. i really feel sorry for those people whose pay checks and tax base were wiped out. its really sad and it was intentional. there will be no story on the evening news about this because its not popular.