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.

Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (11839)	4/24/2009 10:32:00 AM
From: DuckTapeSunroof	Respond to of 103300

Re: "agreement in principle ...pensions and retiree health care benefits would be protected as a condition of the bankruptcy filing...." Yes, I saw that this morning, shorty.... But the article gives no details. Question is: "protected" HOW???????? (It does NOT SAY 'paid in full by government' or anything of that sort which is what you were alleging. What it is talking about is the hierarchy of claims in connection to a chapter 11 style bankruptcy filing. All this could be indicating is a relatively high placement for the pension obligations vs. the company assets in bankruptcy organization --- which might not be anything new anyway, as pension obligations already have high placement in bankruptcy under US law.)

To: longnshort who wrote (11839)	4/24/2009 11:42:51 AM
From: Wayners	Read Replies (2) \| Respond to of 103300

Why doesn't Chrysler do their own bankruptcy filing? This sounds really fishy to me. In addition to nationalizing every major bank are they going to nationalize every automaker too? Do we live in Cuba now? The Goverment now 100% controls the economy through credit. This is NOT the American way.