http://doseofclarity.com/politics/a-creditor%e2%80%99s-rights-are-the-same-as-our-own/ Logic and common sense Wed, 18 Jan 2012 19:37:34 +0100 http://wordpress.org/?v=2.8.4 hourly 1 http://doseofclarity.com/politics/a-creditor%e2%80%99s-rights-are-the-same-as-our-own/comment-page-1/#comment-78 Almerican Joe Mon, 18 May 2009 13:40:28 +0000 http://doseofclarity.com/?p=388#comment-78 The sad truth about the union taking over a company whether it be Chrysler or GM is the following> The union is foregoing payments for stock. Payments that are due to creditors or pension funds. In the case of pension funds, the unions will be forced to sell the stock to pay the necessary funds due. The problem is the stock isn't really worth all that much so if they can't sell the stock where do they get the money for the pension funds to pay their members? Don't say BAil OUT. The union will have no choice but to make the company economically viable by lowering wages and benefits to compete in the market place or face self-destruction. Lets see which way they go. The sad truth about the union taking over a company whether it be Chrysler or GM is the following> The union is foregoing payments for stock. Payments that are due to creditors or pension funds. In the case of pension funds, the unions will be forced to sell the stock to pay the necessary funds due. The problem is the stock isn’t really worth all that much so if they can’t sell the stock where do they get the money for the pension funds to pay their members? Don’t say BAil OUT. The union will have no choice but to make the company economically viable by lowering wages and benefits to compete in the market place or face self-destruction. Lets see which way they go.

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