Replies

To: Poison Pill

How are public employees who get pension cuts any different from bond holders of a company that fails?

Well, if they are planning to close the institution and liquidate the all the assets to pay the pensioners, they wouldn't be much different.

Is that what's going to happen?

31 posted on 05/02/2012 6:43:52 AM PDT by ROCKLOBSTER (Celebrate Republicans Freed the Slaves Month.)

To: ROCKLOBSTER

Well, if they are planning to close the institution and liquidate the all the assets to pay the pensioners, they wouldn't be much different.

They did not close or liquidate GM to payout. But the bond holders got killed.

34 posted on 05/02/2012 7:19:52 AM PDT by Poison Pill (Obama is the hopium of the masses)

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