Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alighieri who wrote (479411)	5/9/2009 10:06:17 AM
From: i-node	Read Replies (2) of 1573435

There is a difference between dissolution and trying to save a company...and there is no shortage of sideline quarterbacks with the predisposition towards political posturing while this work is underway. If they wanted to save the company they would have allowed it to do what companies in financial trouble do. Which is move to Chapter 11 where they can unwind contracts that make the business untenable. You go to bankruptcy court, the court has the authority to restructure the union contracts which have destroyed the company, and they emerge stronger with a shot at coming back. This process has been respected for years as the best way to deal with a company that is in financial trouble and it has worked for thousands of companies, large and small. Instead, Obama has illegally strongarmed these companies into a process designed to provide political payback for the UAW. The current debtholders be damned. It isn't legal and it isn't right. It is Chicago thug politics at its worst. The goal appears to be a fascist dictatorship. You may be fine with that. I'm not. I don't think you would be, either, if the Bush administration had done it.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next