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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (50780)	8/12/2013 10:10:26 PM
From: i-node	Read Replies (1) \| Respond to of 85487

>> You realize that when a worker's "contract" is negotiated, the worker never expects to get shafted by some BK court he understands nothing about? >> Yet management fully understands it can agree to anything at the bargaining table with workers and negate it later on with some sly legalese. >> My brother in law has worked for US Air since the 70's. He now makes less than he did then and his pension has been halved and halved again. Now he will just have to keep working until he drops dead or they throw him out. It is apparent that you don't understand the difference between debt and equity. I don't mean to denigrate you in any way, but it is apparent that this is a subject you are totally ignorant about. The entire systems on which banking and debt markets are based depends on the need to obtain a security interest that is senior to any claims an employee might have. If you couldn't do that, businesses would effectively be prevented from raising money in the form of debt altogether. I'm thinking you may want to return to business school, because it is apparent you missed out on some core coursework.