After Hussein took over Government Motors, didn’t he give 1/3 of the company to the UAW?
The sole purpose of Hussein’s Government Motors takeover was to save Union contracts —— Past.Present.Future
The UAW should have been treated as any other creditor but they were given preferential treatment in the bailout.
Their pension fund was saved at the expense of taxpayers and they were given a good portion of GM stock which I believe has been at least partially bought back, maybe fully.
The UAW came out smelling like a rose and bondholders were raped.