"Eisboch" wrote in message
news

"HK" wrote in message
m...



Damned company ought to be delisted. It is worthless.


Weren't you in favor of keeping them alive not long ago in the best
interests of the union workers who would become otherwise unemployed, not
to speak of certain loss of retirement benefits?

I keep repeating myself. Chapter 11 is the way to go. It would allow
renegotiation of *all* contracts including debt, suppliers and union under
the guidance of a federal bankruptcy court to ensure fairness.

It also appears that the White House is finally coming around to the same
conclusion.

Eisboch

I think the White House is seeing the light because they have too. We can't
afford the whopping bailout tax bills. We can't afford to bailout every
defunct welcher debter in the country. They need to pay their bills or the
whole country is basically bankrupt.

That being said, the government is now beginning to worry about it's
futures. And the government union is going to win over GM & Chrysler
whiners. Government is doing this as they know you can kiss the economic
anything if you can't stem the bailout corruption. And that means less
government. Which will happen one way or another as North America can't
afford the tax rape, the trillions for losers programs and the corruption
insanity.

This is a depression, not a recession.