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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (35457)5/8/2009 3:21:32 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 71588
 
The PENSION FUND is the largest debtor of all.

(And if you want to force, what is it?, a half million or so?, pensioners to go to court INDIVIDUALLY to get their pensions out of the company: A) you will have riots in the streets and B) it would take a generation and there won't be anything left to pay the pensions at the end of the day.... Better just to strike a match and burn it all down to the ground right now....)

Not to mention, (of course), that you would be tearing up well-established federal bankruptcy law....