Quote:
Originally Posted by sperbonzo
So you are saying that AT&T, Verizon, Caterpillar, Deere, Valero Energy, AK Steel and 3M are all trying to scam the stock market at the same time in the same way....?
Is that really your theory on this?
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No necessarily. But they are claiming that this bill will cost them billions or that because of it they may have to cut some benefits to retired workers. Announcing new debts of billions for your company very well could effect the stock price. They could also be using this as a way to dump some of the benefits for retired workers and blame it on the health care bill.
I'm simply saying that if you own a big, publicly owned company and you make a statement that a new bill/law is going to cost you billions and have a very negative effect on you, I don't see it as being unreasonable for lawmakers to call you out and make you prove your allegations.