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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (13193)	10/18/2008 9:26:31 PM
From: Elroy Jetson	2 Recommendations Respond to of 71477

The auto companies need to do both. The union retiree benefits can be adjusted in bankruptcy court, unless the incompetent management of the auto firms have not already paid this in full with funds from hapless lenders and shareholders. If Chevron had been managed by the golf-course-style senior managers from GM or Ford, Chevron would be bankrupt as well. Chevron deals with a lot of unions (Teamsters, OCAW, and more) and simply doesn't have the sort of problems Ford and GM have brought on themselves. Chevron also doesn't specialize in making defective products few want to buy. .