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You can type as fast as you can make this stuff up. Pretty talented.. You should write fiction, it pays better and no one would accuse you of being crazy...
Looking at this story, you gotta feel for the employees of Delphi. Mitt and Co. tossed their pensions to the wind without a second thought.
So for how many decades were Delphi employees paid double the value of their labor?
They ended up no worse off than the salaried (non-union) workers at GM. Obama tossed their pensions to the wind without a second thought.
It is not possible for unsustainable wage and benefit structures to be sustained. The specific application of this fact to any particular case should be no surprise to anyone.
Obama tossed their pensions to the wind without a second thought.
After the hedge fund takeover of Delphi, the squeeze on workers intensified through attacks on their pensions. During its years of economic trouble, Delphi had been chronically shorting payments to its pension funds—and by July 2009, they were underfunded by $7 billion. That month, Singer’s hedge fund group won the bid for control of Delphi’s stock and made clear they would neither make up the shortfall nor pay any more US worker pensions. Checkmated by the hedge funders, the government’s Pension Benefit Guaranty Corporation agreed to take over Delphi’s pension payments. The PBGC would eat the shortfall.
With Delphi’s new owners relieved of its healthcare and pension obligations, its debts to GM and its union contracts— and now loaded with subsidies from GM funded by TARP—the company’s market value rose from zero to approximately $10.5 billion today.
Haha, thats not how it works.. Since when did we get to just make crap up and the say if you cant prove the accusations are wrong, then they must be true
Lets try that.. Obama is a child pedophile.. Do you have anything to discredit it? No? Then I guess its true..
Mitts investments with Bain are managed by a DEMOCRAT
Could not find the cite you are speaking of and what difference does it make that Mitt's investments are managed by a democrat? I doubt mittens ever let political affiliations get in the way of making a buck.
Could not find the cite you are speaking of and what difference does it make that Mitt's investments are managed by a democrat? I doubt mittens ever let political affiliations get in the way of making a buck.
We're waiting for you to cite something factual showing the thread is accurate.
We're waiting for you to cite something factual showing the thread is accurate.
I believe that was in the OP.
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