Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Bank Holding Company who wrote (184304)	2/17/2009 11:52:59 AM
From: Jim McMannis	Respond to of 306849

RE:"Why can't arnold do some kind of 'state of emergency' crapola and cut payrolls by 60 percent and cut pensions to 30 percent of what these people take home. Throw out the statutory crapola, BURN THE BOOKS, and start over. So what's the damn problem." He can't void "contracts"...Maybe if they BK... Experience tells us that the recipients/unions will BK the system before taking cuts as deep as you suggest.