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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (284171)12/13/2008 7:05:17 PM
From: Neeka1 Recommendation  Read Replies (2) | Respond to of 794135
 
I guess I don't understand Nadine. Why is it appropriate for a small business to go bankrupt and abandon its obligations to its retired pensioners, but not GM or Chrysler?

What "political reasons?"



To: Nadine Carroll who wrote (284171)12/13/2008 7:55:10 PM
From: Bearcatbob  Respond to of 794135
 
They are all creditors of the company to be paid from the assets and reorg. Heck - they may own half the company - they always wanted to be boss.


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