FLU I need to retract my approval of this move by OB… it is pending further review. In essence I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company. After listening to the exact way OB worded things in his speech today I no longer think that is the case. I think that in some bizarre way he is wanted a reorg of the company and that the burden of the reorg will be somewhat selective.
I think we will coin a new term called Barrackruptcy. So Barrack gets to pick and choose who gets wiped out.
[quote=SD Realtor]I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company.[/quote]
Obama said:
What we are asking is difficult. It will require hard choices by companies. It will require unions and workers who have already made painful concessions to make even more. It will require creditors to recognize that they cannot hold out for the prospect of endless government bailouts.
[quote=SD Realtor]I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company.[/quote]
Obama said:
What we are asking is difficult. It will require hard choices by companies. It will require unions and workers who have already made painful concessions to make even more. It will require creditors to recognize that they cannot hold out for the prospect of endless government bailouts.
[quote=SD Realtor]I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company.[/quote]
Obama said:
What we are asking is difficult. It will require hard choices by companies. It will require unions and workers who have already made painful concessions to make even more. It will require creditors to recognize that they cannot hold out for the prospect of endless government bailouts.
[quote=SD Realtor]I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company.[/quote]
Obama said:
What we are asking is difficult. It will require hard choices by companies. It will require unions and workers who have already made painful concessions to make even more. It will require creditors to recognize that they cannot hold out for the prospect of endless government bailouts.
[quote=SD Realtor]I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company.[/quote]
Obama said:
What we are asking is difficult. It will require hard choices by companies. It will require unions and workers who have already made painful concessions to make even more. It will require creditors to recognize that they cannot hold out for the prospect of endless government bailouts.
