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To: Broken_Clock who wrote (50778)8/13/2013 10:17:33 AM
From: TimF  Respond to of 85487
 
No not at all like that. The bankruptcy court doesn't wage war on the workers, it just settled how creditors are going to be paid when there isn't enough money to pay them all. Also bankruptcy law preceded the contract. The contract was made in the context of bankruptcy law. Its not something new imposed on the creditors it was part of the legal framework of the agreement.



To: Broken_Clock who wrote (50778)8/13/2013 7:42:26 PM
From: sm1th1 Recommendation

Recommended By
i-node

  Respond to of 85487
 
not unlike a bk court stripping a worker of his contractually awarded rights.
How can any creditor have "rights" to money that does not exist? Bankruptcy means there isn't enough money to pay everyone. BK law defines the payment precedence. In the Chrysler BK, the Obama regime ignored the law and the courts let them. We are now a banana republic.


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