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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: zamboz who wrote (68575)9/5/2007 1:22:08 PM
From: koan  Read Replies (3) of 116555
 
GM and Ford and other large coporations should have been forced to put the money aside for employess contracted health care and pensions which were bargined for, and they earned, as they accrued.

The big scam taking place now, is corporation after corporation, is filing for bankruptsy because they spent the money they now owe their men and women workers who worked for 30/40 years to earned it.

The workers are owed these health benefits and pensions, but as the corporations spent the money (often on large pay for management) now they can't pay the workers what they owe them and in a bankruptsy court the workers often lose most, or all of their pensions and health care.

It is a national disgrace.
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