The main thing that happened is that the GM executives and the unions got to keep their jobs. There was some small finagling about two-tier wages applied to new hires but the unions came off pretty well compared to a full bankruptcy. After both of these groups having ripped off GM for thirty years, they did not deserve it.
Do Google for J.P. Morgan and Citibank. Your eyes will be opened. ----- Original Message ----- From: "Michael Madigan" <[email protected]> To: "ProFox Email List" <[email protected]> Sent: Thursday, April 05, 2012 2:10 PM Subject: Re: [OT] People don't want to work The government forced GM through a structured bankruptcy. GM could have done that without the Government. I don't know about Wall Street. ----- Original Message ----- From: "MB Software Solutions, LLC" <[email protected]> To: ProFox Email List <[email protected]> Cc: Sent: Thursday, April 5, 2012 11:49 AM Subject: Re: [OT] People don't want to work On 4/4/2012 10:39 PM, Nicholas Geti wrote: > The free market when left alone solved that problem. She got canned. > Sometimes things take longer than we would like but the alternative is > tyranny by the government. What would the economy look like today had the government not bailed out Detroit and Wall Street? -- Mike Babcock, MCP MB Software Solutions, LLC President, Chief Software Architect http://mbsoftwaresolutions.com http://fabmate.com http://twitter.com/mbabcock16 [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/7B30CB81476E428790535190ACDCEB91@dual ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
