R.I.P. Scout26
MassJim wrote:One of the commentators stated that "What the rule book doesn't allow is dirty plays (post facto breaking contracts)." Please note the federal governments treatment of GM's bond holders vs treatment of GM Unions. Bondholders rights were trampled in order to award unions their benefits. I think the Obama administration opened up one heck of a can of worms there, and so Unions have no right to claim foul in this regard in Wisconsin.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The issue that you're missing MassJim in your convoluted reasoning is that the union had a signed contract with GM. The bond holders take a risk. If they didn't like the risk of the investment, they could have waited until GM offered the bonds until the return on the bonds was higher. Investing, of any kind is a risk. If you don't like the risk, don't invest.If they didn't like the union contract, GM shouldn't have signed it. Everyone has a choice, they can either accept, or walk away from!Isn't that supposed to be what Capitalism is all about?