Quote:
Originally Posted by Russo
you just explained my point even further.. I also included two other reasons for GM's bankruptcy.. perhaps you blacked out when you read the word "unions"...
to further on the link you provided.. municipalities often get into trouble with big pension plans too.. you can use several examples throughout America and you will find that all grossly valued pension plans are negotiated between public unions and politicians.. both of which do not pay for those pension plans (and often have plans of their own)... the taxpayer, yet again, is there to bail out the management of crony capitalism..
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No I didn`t "black out" that article explained how GM chose to pass off those cost of health care/retirement on their corporate balance sheet.