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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (270)	12/10/2013 2:30:32 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26511

#1 is hard to say as we'll never know what would have happened if we let GM fail like some of the banks. A LOT of banks that were SAVED still fired a ton of staff and replaced them with much lower paid staff.... especially the tellers. GM couldn't do this unless they were allowed to void the union contracts... so it is really hard to compare or speculate. #2 was a clear violation of the rule of law and I still don't understand how "they" got away with it other than the bully pulpit of the presidency probably threatened to cut bank bailouts if they didn't agree to concessions.