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Re: [Pen-l] labor and the auto companies
On Nov 20, 2008, at 2:48 PM, Rudy Fichtenbaum wrote:
It would be "cheap" to by GM but you would buy all of their debt
which is substantial. Essentially they have hocked everything they
own as I understand it.
Thus the allure of bankruptcy. Break the labor contracts and wipe out
a bunch of debt. It seems inevitable.
Doug
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- Re: [Pen-l] labor and the auto companies, (continued)
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