"Why should taxpayers pick up the tab for GM and Delphi excesses?"
Because government came in and took over GM who made the promises and the courts let Delphi out of Bankruptcy without giving the salaried retirees what they are due. That is why!
This was a very dirty deal and the government drove it to it's settlement. They clearly picked the winners and losers and Delphi salaried retirees are the big losers.
Why was the Delphi bankruptcy settled on the backs of the salaried retirees? That is a much better question than yours. Don
Why should taxpayers pick up the tab for GM and Delphi excesses?
"Why should taxpayers pick up the tab for GM and Delphi excesses?"
Because government came in and took over GM who made the promises and the courts let Delphi out of Bankruptcy without giving the salaried retirees what they are due. That is why!
This was a very dirty deal and the government drove it to it's settlement. They clearly picked the winners and losers and Delphi salaried retirees are the big losers.
Why was the Delphi bankruptcy settled on the backs of the salaried retirees? That is a much better question than yours.
Don
October 18, 2009 at 11:06 a.m. permalink suggest removal