Government Above The Law

#11

"Mike Marlow" <mmarlowREMOVE (AT) windstream (DOT) net> wrote

Quote:

cs_posting (AT) hotmail (DOT) com> wrote in message
news:5045c1ee-1d8b-447c-88bd-6e3dc365e669 (AT) t21g2000yqi (DOT) googlegroups.com...
On Jun 11, 8:07 pm, "Canuck57" <f... (AT) nospam (DOT) com> wrote:

GM retiree health benefits being unfunded, or UAW pension getting a
little and other pension funds that were invested in GM loosing the
17% of what they might have been able to get that the UAW fund is
going to get?

Easy, liquify GM and pay the bond holders and preffered share holders
first.

In which case, you and I as the taxpayers end up picking up the health
care expenses for GM's now uninsured retirees.

And the cost of that, compared to continuing to bail out GM and their
unions is what? Have you even begun to think this through, or are you
just knee-jerking the response above?

The cost to bailout GM could have been zero. Just let them go bankrupt.

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Government Above The Law

General Motors Discussions About General Motors vehicles (alt.autos.gm)

Re: Government Above The Law - 06-12-2009 , 06:56 AM