  Pam Member Username: Pam Post Number: 1189 Registered: 11-2005 |
http://news.yahoo.com/s/nm/200 70319/ts_nm/usa_subprime_detro it_dc | ||
Psip Member Username: Psip Post Number: 1566 Registered: 04-2005 |
They are having a field day at Fark bashing Detroit. http://forums.fark.com/cgi/far k/comments.pl?IDLink=2683074 | ||
Miss_cleo Member Username: Miss_cleo Post Number: 434 Registered: 05-2005 |
I do agree with this statement though: Also, I had a lot of sympathy for GM's healthcare liabilities until I crunched the numbers and realized that their recent increases to their executive pension package would have paid for those liabilities for almost 2 decades. Besides the companies are the ones that agreed to those packages and for selfish reasons. Rather than give the workers a raise back then, they promised to take care of them medically now. They got more profits back then and pushed off a liability until today. They knew this was coming and could have invested/bought annuities back them to fund this, but they didn't; preferring to declare fat dividends and executive raises. Don't blame the Unions because GM management is comprised enitrely of short-sighted dumbasses |
