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GM Bailout/ Chapter 11
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<blockquote data-quote="Catatonic" data-source="post: 541361" data-attributes="member: 7966"><p>Careful now ... GM is a union company with massive retirement benefits outstanding and indirectly affecting hundreds of thousands of jobs.</p><p> </p><p>I don't like it either but what happens to the retirees and the unemployed? Might have been cheaper for teh government to absorb the retiree benefits and assistance for the unemployed but that could be as much or more than what the governement has outlayed. And this is hopefully, more like a leveraged loan where we get the money back like with Chrysler back in the 80's.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 541361, member: 7966"] Careful now ... GM is a union company with massive retirement benefits outstanding and indirectly affecting hundreds of thousands of jobs. I don't like it either but what happens to the retirees and the unemployed? Might have been cheaper for teh government to absorb the retiree benefits and assistance for the unemployed but that could be as much or more than what the governement has outlayed. And this is hopefully, more like a leveraged loan where we get the money back like with Chrysler back in the 80's. [/QUOTE]
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