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Politics : Politics for Pros- moderated
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To: Neeka who wrote (284165)12/13/2008 5:19:58 PM
From: Nadine Carroll  Read Replies (2) of 794156
 

Isn't that what bankruptcy does? Allows a debtor to legally renege on their financial obligations?

Yes, and if the pensioners worked for some small firm, it would go bankrupt and they would be SOL. But GM and Chrysler can't do it without a government bailout of the pensioners at least, for political reasons.
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