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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (43312)10/12/2005 10:53:03 AM
From: Crimson Ghost  Respond to of 110194
 
Note that the health care cost problems of the automakers largely reflect the lack of a single-payer health care system in the US. As a result they are saddled with health costs none of their overseas competitors face.



To: Wyätt Gwyön who wrote (43312)10/12/2005 11:23:19 AM
From: carranza2  Read Replies (2) | Respond to of 110194
 
Kirk can't get rid of pension and OPEB liabilities and keep any equity value--there's no farking way the union will allow that.

A lot can happen in a bankruptcy which the Unions cannot control.

I think a BK is the basis of Kerkorian's thinking.


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