Notably, when it came to looking at big-picture public policy issues, both Second Circuit opinions examined them only through the lens of federal procedural law (i.e., whether the injunctions were an inequitable remedy) as opposed to the substantive rules of New York state contractual law. Although New York recognizes several defenses to the enforceability of a contract like unconscionability, those defenses are usually available only to the weaker party at the time of contract formation, the party who did "not" write the contract (i.e., the bondholders), which explains why they were not discussed in the Second Circuit's opinions. If those defenses are unavailable (for example, because the party resisting enforcement was the one who wrote the contract), New York courts will mechanically enforce the plain language of a contract regardless of its harshness because "a court is not free to alter the contract to reflect its personal notions of fairness and equity."