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Politics : Politics for Pros- moderated

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To: Nadine Carroll who wrote (284099)	12/13/2008 4:49:01 PM
From: Neeka	Read Replies (1) of 794091

They can't just go bankrupt and renege on those costs. Isn't that what bankruptcy does? Allows a debtor to legally renege on their financial obligations? It seems to me a bankruptcy judge would first focus on crafting a way for GM to get out of that provision of the contract through a one time settlement with retirees. As for medical.....I believe there are several types of medical plans they could suggest. They have to get these folks off of the dole, and will have to pay to do it, but for the American taxpayer, it beats what is happening now.

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