No real guarantees--
ain't that the truth.
Still, it is sometimes hard to stomach certain things when you have done your best to prepare and then watch those who didn't bother to worry, get bailed out, and worse, watch the bailouts or the lack of discipline and preparation penalize those who tried the hardest.
It's not just the airlines. I am thinking of how after 9-11 and the salary cuts, when we had both boys still in college, we would actually have been eligible for some financial aid EXCEPT for the fact that we had saved too much money. Had I bought that Jaguar.....
So the half a loaf for the legacy airlines that are still being allowed to compete against the one or two who have managed to NOT go into BK by being leaner and meaner, and still are funding their pensions-- well, it grates.
Preparing for the worst-- who would have expected the triple whammy of 9-11, the salary cuts, the deferred options and stocks losing all value, and the possible loss of the pension?
Sometimes even the best laid plans.... |
