Quote:
Originally Posted by potter
Oh, and a lot of people feel the first of the US Auto Makers to file Chapter 11 will prevail. Under Chapter 11 (bankruptcy) the company may stay intact however readjust all their holdings and financial processes. Meaning, they could dump the union and rehire their entire staff as non-unionized employees.
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I hope you people realize that when companies fail to pay on the pensions the promise the US governemnt does. There is a program specifically for that. So if you think by not giving them a loan, beause that's what they are asking for, a LOAN, not a bailout that the taxpayer is saving money you are delusional because the taxpayer is still footing the bill.